Resmed (RMD) will raise its quarterly dividend by 5.4 percent to $0.39 per share in 2019. This follows a 5.7 percent dividend hike last year by the medical devices maker and marks the 7th consecutive year of dividend increases.

The next dividend will be payable on September 20, 2019 to shareholders of record on August 15, 2019. The new annual dividend of $1.56 per share yields 1.2% at a stock price of $126.87.

ResMed Inc. is a holding company. The company is engaged in the development, manufacturing, distribution and marketing of medical devices and cloud-based software applications that diagnose, treat and manage respiratory disorders, including sleep apnea, chronic obstructive pulmonary disease (COPD) and other chronic diseases.