Oracle Corporation (ORCL) will raise its quarterly dividend by 26.3 percent to $0.24 per share in 2019. This follows a 26.7 percent dividend boost to 29 cents quarterly by the technology company two years ago.

The next dividend is payable on April 25, 2019 to shareholders of record at the close of business on April 11, 2019. A new annualized dividend rate of 96 cents yields 1.8% at current stock prices for Oracle.

Oracle Corporation provides products and services that address all aspects of corporate IT environments, including application, platform and infrastructure. The company's businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support. Its hardware business consists of two segments, including hardware products and hardware support. Oracle has been paying a dividend to shareholders every year since 2009.