John Wiley & Sons (JWA) will raise its quarterly dividend by 3.1 percent to $0.33 per share in the third quarter of 2018. Last year the research and learning company also raised its dividend by one cent to $0.32 quarterly.

The next dividend is payable on July 18, 2017 to shareholders of record on July 3, 2018. Based on the new annual dividend of $1.32 per share JWA currently yields 1.9% at the current stock price of $64.90. The dividend has now been increased for 25 consecutive years.

John Wiley & Sons, Inc. Is a research and learning company. The Research segment provides scientific, technical, medical, and scholarly journals, as well as related content and services, to academic, corporate, and government libraries, learned societies, and individual researchers and other professionals. The Publishing segment provides scientific, professional, and education books and related content in print and digital formats, as well as test preparation services and course workflow tools, to libraries, corporations, students, professionals, and researchers. The Solutions segment provides online program management services for higher education institutions and learning, development, and assessment services for businesses and professionals.The company’s operations are primarily located in the United States, United Kingdom , Germany, Russia, Singapore, and France. John Wiley was founded in 1807 and incorporated in the state of New York on January 15, 1904. The company went public in 1962.