The Estée Lauder Companies (EL) will raise its quarterly dividend by 11.6 percent to $0.48 per share in 2019. This follows a 13.2 percent dividend increase to 43 cents per share in 2018 by the personal care products maker.

The next quarterly dividend will be payable on December 16, 2019 to stockholders of record at the close of business on November 29, 2019. A new annual rate of $1.92 per share yields 1.0% at a stock price of $186.

The Estée Lauder Companies Inc. is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The Company’s products are sold worldwide under brand names including: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, M•A•C, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, By Kilian, BECCA and Too Faced. The company has paid dividends every year since it went public in November 1995.