Intel (INTC) will raise its quarterly dividend by 5.0 percent to $0.315 per share in the first quarter of 2019. This marks the 6th consecutive year of annual dividend increases by the chipmaker.

The next dividend will be payable on March 1, 2019, to shareholders of record on February 7, 2019. The new annual dividend yields 2.7% at a stock price of $47.04.

“2018 was a truly remarkable year for Intel with record revenue in every business segment and record profits as we transform the company to pursue our biggestmarket opportunity ever,” said Bob Swan, Intel CFO and Interim CEO. “In the fourth quarter, we grew revenue, expanded earnings and previewed new 10nm-based products that position Intel to compete and win going forward. Looking ahead, we are forecasting another record year and raising the dividend based onour view that the explosive growth of data will drive continued demand for Intel products.

Intel Corporation designs, manufactures, and sells computer components and related products. Intel’s products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory, graphic, network and communication, systems management software, conferencing, and digital imaging products. Intel went public October 13, 1971 and has been paying dividends since 1992.