HP Inc. (HPQ) will raise its quarterly dividend by 10.0 percent to $0.1762 per share in 2019. This will mark the 9th consecutive year of dividend increases by the computer hardware maker.

The next dividend is payable on January 2, 2020, to stockholders of record as of the close of business on December 11, 2019. The new annualized dividend rate of $0.7048 per share yields 3.5% at a stock price of $20.18.

HP Inc. is a provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The company sells to individual consumers, small- and medium-sized businesses (“SMBs”) and large enterprises, including customers in the government, health and education sectors. The original HP was incorporated in 1947 under the laws of the state of California as the successor to a partnership founded in 1939 by William R. Hewlett and David Packard. The company went public on November 6, 1957.