Skyworks Solutions (SWKS) will raise its quarterly dividend by 15.8 percent to $0.44 per share in 2019. This marks the 5th consecutive year of dividend increases since the semiconductor company initiated a dividend in 2014.

The next dividend is payable on September 17, 2019, to stockholders of record at the close of business on August 27, 2019. A new annual rate of $1.76 per share yields

“Skyworks is on track to deliver sequential revenue and earnings growth in the September quarter as we execute on strategic product ramps,” said Kris Sennesael, senior vice president and chief financial officer of Skyworks. “Specifically, in the fourth fiscal quarter of 2019, we anticipate revenue to be between $815 and $835 million with non-GAAP diluted earnings per share of $1.50 at the midpoint of our revenue range. Further, given our confidence in Skyworks’ strategic outlook and strong cash flow generation, we are announcing a substantial raise to our quarterly dividend.”

Skyworks Solutions Inc. is a manufacturer of analog semiconductor products for the aerospace, automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.  Skyworks operates worldwide with engineering, manufacturing, sales and service facilities throughout Asia, Europe and North America. The company was formed in 1962 and changed its corporate name from Alpha Industries, Inc. to Skyworks Solutions, Inc. on June 25, 2002, following a business combination. Skyworks has paid a dividend every year since 2014.