Houlihan Lokey (HLI) will raise its quarterly dividend by 14.8 percent to $0.31 per share in 2019. This follows last year's dividend hike from $0.20 to $0.27 quarterly and marks the 4th consecutive year of dividend increases by the investment bank.

The next dividend will be payable on June 14, 2019 to stockholders of record as of the close of business on June 3, 2019. A new annual rate of $1.24 per share yields 2.5% at a stock price of $49.

Houlihan Lokey, Inc. is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. The company was stablished in 1972 and has been paying a dividend every year since 2015 when Houlihan Lokey became a public firm.