Resmed (RMD) will raise its quarterly dividend by 5.7 percent to $0.37 per share in 2018. This follows a 6.1 percent dividend hike last year by the medical devices maker and marks the 6th consecutive year of dividend increases.

The dividend will have a record date of August 16, 2018, payable on September 20, 2018. The new annual dividend of $1.48 per share yields 1.4% at a stock price of $105.03.

ResMed Inc. is a holding company. The company is engaged in the development, manufacturing, distribution and marketing of medical devices and cloud-based software applications that diagnose, treat and manage respiratory disorders, including sleep apnea, chronic obstructive pulmonary disease (COPD) and other chronic diseases.