Domino's Pizza (DPZ) will raise its quarterly dividend by 19.6 percent to $0.55 per share in the first quarter of 2018. This follows a double digit dividend hike by the pizza company in each of the last four years.

Domino's Pizza is the largest pizza company in the world based on global retail sales. Founded in 1960, the company's roots are in convenient pizza delivery, while a significant amount of its sales also come from carryout customers. The company's focus is on serving neighborhoods locally through its large global network of franchise owners and U.S. company-owned stores. Domino’s generates revenues and earnings by charging royalties and fees to its franchisees. Royalties are ongoingpercent-of-sales fees for use of the Domino’s brand marks. The company also generates revenues and earnings by selling food, equipment and supplies to franchisees through its supply chain operations, primarily in the U.S. and Canada, and by operating a number of its own stores. Domino's has paid a dividend every year since a regular quarterly dividend was reinstated in 2013. In 2007 the dividend was suspended by the company with special dividends paid in 2007 and 2012.