Principal Financial Group (PFG) will raise its quarterly dividend by 4.1 percent to $0.51 per share in the first quarter of 2018. This follows a total dividend hike of 14 percent last year.

The new dividend yield for the company is 3.0% and 2018 will mark the tenth consecutive year of dividend increases for PFG.

Principal Financial Group, Inc. is a global investment management company offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its financial services companies.  The company provides long-term investment strategies to institutional, retirement, high net worth and retail clients through equity, fixed income, real estate and other alternative investments, as well as fund offerings. PFG has four reportable segments: Retirement and Income Solutions, Principal Global Investors, Principal International and U.S. Insurance Solutions. The company completed its initial offering on October 26, 2001 at a price of $18.50 per share and dividends have been paid since Q4 of 2002.