Teradyne (TER) will raise its quarterly dividend by 11.1 percent to $0.10 per share. This is the first dividend increase announced by the company since the first quarter of 2018.

The next dividend will be payable on March 20, 2020 to shareholders of record as of the close of business on February 21, 2020. The new annual dividend of 40 cents per share yields 0.5% at a stock price of $76.21.

Teradyne, Inc. is a global supplier of automation equipment for test and industrial applications. The company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, computing, communications, and aerospace and defense industries. Teradyne's industrial automation products include collaborative robotic arms, autonomous mobile robots and advanced robotic control software used by global manufacturing and light industrial customers to improve quality, increase manufacturing and material handling efficiency and decrease manufacturing costs. Teradyne, Inc. was founded in 1960 and has paid a dividend every year since 2014.