Tyson Foods (TSN) will raise its quarterly dividend by 12.0 percent to $0.42 per share in 2019. This follows a 25.0 percent dividend hike by the food company last year.

The next dividend will be paid on December 13, 2019 to shareholders of record on November 29, 2019. A new annual rate of $1.68 per share yields 1.9% at a stock price of $90.

Tyson Foods Inc. is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company had 121,000 team members at September 29, 2018.