Skyworks Solutions (SWKS) will raise its quarterly dividend by 22.2 percent to $0.38 per share in the third quarter of 2018. This marks the fourth year of dividend increases since SWKS initiated its dividend in 2014.

The  next dividend is payable on August 28, 2018, to stockholders of record at the close of business on August 7, 2018. The new annual dividend of $1.52 per share yields 1.6% at the current stock price of $96.44.

The company's chief financial officer, Kris Sennesael, said: "Given our confidence in Skyworks' strategic outlook, today we are announcing a substantial raise to our quarterly dividend."

Skyworks Solutions Inc. is a manufacturer of analog semiconductor products for the aerospace, automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.  Skyworks operates worldwide with engineering, manufacturing, sales and service facilities throughout Asia, Europe and North America. The company was formed in 1962 and changed its corporate name from Alpha Industries, Inc. to Skyworks Solutions, Inc. on June 25, 2002, following a business combination. Skyworks has paid a dividend every year since 2014.