Systemax Inc. (SYX) will raise its quarterly dividend by 9.1 percent to 12 cents per share in the first quarter of 2019. This follows a ten percent dividend hike last year, when the company also paid a $1.00 per share special dividend.

The next dividend will be payable on March 18, 2019 to shareholders of record as of the close of business on March 11, 2019. The regular annual dividend rate of 48 cents per share yields 1.9% at a stock price of $21.00 for Systemax.

Systemax Inc. is a direct marketer of brand name and private label products. The company sells maintenance, repair and operational products in North America and offers a selection of products that are manufactured for its own design and marketed under the trademarks: Global, GlobalIndustrial.com, Nexel Relius, Paramount and Interion. Its Consumer Electronics products include television and video; audio; cameras and surveillance; Global Positioning System (GPS); cell phones; video games, and home and electronics accessories.