Core-Mark Holding Company (CORE) will raise its quarterly dividend by 9.1 percent to 12 cents per share quarterly. This follows double digit dividend hikes since 2012 by the wholesale distributor.

The next dividend is payable on December 13, 2019 to stockholders of record as of the close of business on November 19, 2019. A new annual rate of 48 cents per share yields 1.7% at a stock price of $28.42.

Core-Mark Holding Company, Inc. is a wholesale distributor of fresh and broad-line supply solutions to the convenience retail industry in North America. Founded in 1888, Core-Mark offers a full range of products, marketing programs and technology solutions to customer locations in the U.S. and Canada through its distribution centers. Core-Mark services traditional convenience retailers, grocers, drug, liquor and specialty stores, and other stores that carry convenience products.