Casey’s General Stores (CASY) will raise its quarterly dividend by 11.5 percent to $0.29 per share in 2018.

This follows a 8.3 percent dividend hike by the company last year and marks the 19th consecutive year of dividend increases.

The next dividend is payable August 15, 2018 to shareholders of record on August 1, 2018. Last year the dividend was raised by $0.02 per share to 26 cents quarterly. The new annual dividend yields 1.2% based on a stock price of $99.18 for CASY.

Casey's General Stores, Inc. operates convenience stores in Midwestern states, primarily in Iowa, Missouri, and Illinois. Casey's offers self-service gasoline, grocery items and freshly prepared food items. Among the most popular of Casey's prepared foods are their made-from-scratch pizzas, donuts, subs and sandwiches. Casey's operates from two company distribution centers, enabling delivery of most of in-store products and fuel. The first store opened in 1968 in Boone, Iowa. Casey's began paying cash dividends during fiscal 1991.