Terex Corporation (TEX) will raise its quarterly dividend by 10.0 percent to $0.11 per share in the first quarter of 2019. Last year the company hiked its dividend by 25 percent.

The next dividend is to be paid on March 19, 2019 to all stockholders of record as of the close of business on March 8, 2019. A new annualized dividend rate of 44 cents yields 1.3% at  a stock price of $31.50.

Terex Corporation is a manufacturer of lifting and material processing products and services. The company reports in three business segments: Aerial Work Platforms, Cranes, and Materials Processing. Terex provides solutions to a broad range of industries, including the construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utility, quarrying and mining industries. Also the company offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services.