Atrion Corporation (ATRI) will raise its quarterly dividend by 12.5 percent to $1.35 per share in 2018. Last year the medical products manufacturer also hiked its dividend by 15 cents to $1.20 per share quarterly.

The next dividend will be payable on September 28, 2018 to stockholders of record at the close of business on September 14, 2018. The new $5.40 per share annual dividend yields 0.8% at a stock price of $656.95.

Atrion Corporation is a manufacturer of medical devices and components. The company makes products for specific niche markets, primarily in the field of health care. Most of the company's products are supplied to the cardiovascular, ophthalmic and fluid delivery markets. Atrion's products include soft contact lens disinfection cases, clamps for IV sets, vacuum relief valves, surgical loops used in minimally invasive surgery, and check valves. As an extension of its expertise in valve design and manufacturing, Atrion also is the leading manufacturer of valves and inflation devices for the marine and aviation markets, supplying valves used in safety products such as life vests, and inflatable boats.