Accenture plc (ACN) will raise its dividend by 9.6 percent to 80 cents per share quarterly. As previously disclosed, the company is moving from a semi-annual to a quarterly schedule for dividend payments in fiscal 2020.

It's the first quarterly dividend declared by Accenture. This May a $1.46 per share semi-annual dividend was paid.

The next dividend will be paid on November 15, 2019 to shareholders of record on October 17, 2019. The new annual rate of $3.20 per share yields 1.7% at a stock price of $188.

Accenture plc provides management and technology consulting services. The company serves clients in a broad range of industries and in three geographic regions: North America, Europe and Growth Markets (Asia Pacific, Latin America, Africa and the Middle East). Accenture's five operating groups are organized by industry: Communications, Media & Technology, Financial Services, Health & Public Service, Products and (as fifth operating group) Resources. Accenture's Products operating group serves a set of increasingly interconnected consumer-relevant industries. Resources serves the chemicals, energy, forest products, metals and mining, utilities and related industries.