Houlihan Lokey (HLI) will raise its quarterly dividend by 35 precent to $0.27 per share in the second quarter of 2018. This follows last year's dividend hike from $0.17 to $0.12 quarterly and marks the third consecutive year of dividend increases.

The next dividend will be payable on June 15, 2018 to stockholders of record as of the close of business on June 4, 2018. The new dividend yield for HLI is 2.3%.

Houlihan Lokey, Inc. is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. The company was stablished in 1972 and has been paying a dividend every year since 2015 when Houlihan Lokey became a public firm.