Amdocs Limited (DOX) will raise its quarterly dividend by 13.6 percent to $0.25 per share in the first quarter of 2018. Last year Amdocs hiked its dividend by 12.8 percent.

The increased dividend marks the fifth consecutive year of dividend increases by the company. The new dividend yield for Amdocs is 1.5%.

Amdocs Limited (DOX) will raise its quarterly dividend by 14.0 percent to $0.285 per share in 2019. This marks the 6th consecutive year of dividend increases by DOX.

The next dividend will be payable on July 19, 2019 to shareholders of record on June 28, 2019. A new annual rate of $1.14 per share yields 2.1% at a stock price of $53.46.

Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The company's customers include most of the major telecom operators worldwide, such as Vodafone, AT&T and T-Mobile. Amdocs initial public offering took place on June 19th, 1998 and the company has paid a dividend every year since 2012. Amdocs Limited is incorporated under the laws of the Island of Guernsey.