Littelfuse Inc. (LFUS) will raise its quarterly dividend by 16.2 percent to $0.43 per share in 2018.

This follows last year's four cent dividend hike to $0.37 per share by LFUS and marks the 8th consecutive year of dividend increases by the company.

The next dividend will be paid on September 6, 2018 to shareholders of record as of August 23, 2018. The new annualized dividend of $1.72 per share yields 0.8% at a stock price of $219.64.

Littelfuse, Inc. is a supplier of circuit protection products for the electronics, automotive and industrial markets. The company serves customers with technologies including fuses, semiconductors, polymers, ceramics, relays and sensors. Littelfuse operates through three segments: Electronics, Automotive and Industrial.