Xilinx (XLNX) will raise its quarterly dividend by 2.9 percent to $0.36 per share in the second quarter of 2018. Last year XLNX hiked its dividend by $0.02 to $0.35 per share. The chipmaker has now raised its dividend for 14 consecutive years.

The next dividend is payable on June 4, 2018 to all stockholders of record at the close of business on May 15, 2018. The new dividend yield for Xilinx is 2.2%.

Xilinx, Inc. designs and develops programmable devices and associated technologies, including integrated circuits (ICs) in the form of programmable logic devices (PLDs), Adaptive Compute Acceleration Platform (ACAP), software design tools to program the PLDs, software development environments and embedded platforms, targeted reference designs, printed circuit boards and intellectual property (IP), which consists of Xilinx and various third-party verification and IP cores. Xilinx was founded and incorporated in California in February 1984 and has paid a dividend every year since 2004.