Kimball International (KBAL) will raise its quarterly dividend by 12.5 percent to $0.09 per share in 2019. This marks the fifth consecutive annual dividend increase by the industrial company.

The next dividend is payable October 15, 2019, to shareholders of record on September 25, 2019. A new annualized dividend rate of 36 cents per share yields 2.1% at a stock price of $17.12.

Kimball International, Inc. creates design driven, innovative furnishings sold through the Kimball, David Edward, National, D'style and Kimball Hospitality brands. The company offers solutions for the workplace, learning, healing, and hospitality environments. Kimball International also offers several products designed specifically for the healthcare market, such as patient room and lounge seating and casegoods. Kimball was established in 1950 and is headquartered in Jasper, Indiana.