The Wendy's Company (WEN) will raise its quarterly dividend by another 20.0 percent to $0.12 per share in 2019.

Earlier this year the hamburger company had already hiked its dividend by 17.6 percent.

The next dividend is payable on December 16, 2019, to shareholders of record as of December 2, 2019. A new annual rate of 48 cents per share yields 2.3% at a stock price of $20.78.

The Wendy's Company is quick-service hamburger company. Wendy's is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly-prepared salads with hand-chopped lettuce, and other signature items like chili, baked potatoes and the Frosty dessert. The Wendy's system includes franchise and company-operated restaurants in the United States and worldwide. Wendy's is also a partner in a Canadian restaurant real estate joint venture with a subsidiary of Restaurant Brands International Inc. (Tim Hortons and Burger King). Wendy's was founded in 1969 by Dave Thomas in Columbus, Ohio.