Systemax (SYX) will raise its quarterly dividend by 10 percent to $0.11 per share in the first quarter of 2018. Earlier this year SYX also paid a $1.50 per share special cash dividend to its shareholders.

The next dividend payment will be made on March 16, 2018, to shareholders of record at the close of business on March 9, 2018. Systemax initiated a $0.05 per share quarterly dividend in 2017.

Systemax Inc. is a direct marketer of brand name and private label products. The company sells maintenance, repair and operational products in North America and offers a selection of products that are manufactured for its own design and marketed under the trademarks: Global, GlobalIndustrial.com, Nexel Relius, Paramount and Interion. Its Consumer Electronics products include television and video; audio; cameras and surveillance; Global Positioning System (GPS); cell phones; video games, and home and electronics accessories.