MKS Instruments (MKSI) will raise its quarterly dividend by 11.1 percent to $0.20 per share in the second quarter of 2018. Last year the company raised its dividend twice from $0.17 to $0.18 per share.

The next dividend is payable on June 8, 2018 to shareholders of record as of May 28, 2018.The new dividend yield for MKS is 0.7% and 2018 marks the seventh consecutive year of dividend increases by the company.

MKS Instruments, Inc. is a provider of instruments, subsystems and process control solutions that measure, control, power, monitor, and analyze critical parameters of advanced manufacturing processes to improve process performance and productivity. The company serves the semiconductor capital equipment, industrial manufacturing, environmental, medical, life sciences and scientific research markets.