H.B. Fuller (FUL) will raise its quarterly dividend by 3.2 percent to $0.16 per share in the second quarter of 2019. This follows a 3.3 percent dividend hike by the specialty chemicals company in 2018.

The dividend of $0.15 per share of common stock is payable on May 2, 2019 to shareholders of record at the close of business on April 18, 2019. The new annual dividend of 64 cents yields 1.3% at a stock price of almost $50 for H.B. Fuller

Today's increase marks the 50th consecutive year in which H.B. Fuller has increased its dividend.

H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. Industrial adhesives represent the company's core product offering. . Customers use the company's adhesives products in manufacturing common consumer and industrial goods, including food and beverage containers, disposable diapers, windows, doors, flooring, roofing, appliances, sportswear, footwear, multi-wall bags, water filtration products, insulation, textiles, automobiles, recreational vehicles, buses, trucks and trailers, marine products, solar energy systems, electronics and products for the aerospace and defense industries. H.B. Fuller operates worldwide with businesses in North America, Europe, Latin America, the Asia Pacific region, India, the Middle East and Africa. The company was founded in 1887 and incorporated as a Minnesota corporation in 1915.