MarketAxess Holdings (MKTX) will raise its quarterly dividend by 17.6 percent to $0.60 per share in the first quarter of 2020. This marks the 11th consecutive year in a row of dividend increases for the electronic trading platform.

The next dividend will be paid on February 26, 2020 to stockholders of record as of the close of business on February 12, 2020. A new annualized dividend rate of $2.40 per share yields 0.7% at a stock price of $354.18.

MarketAxess operates a leading electronic trading platform that enables fixed-income market participants to efficiently trade corporate bonds and other types of fixed-income instruments using MarketAxess' patented trading technology. MarketAxess was formed in April 2000, and pilot trading on our fully disclosed multi-dealer platform began in October 2000. The company made its initial public offering of its common stock on November 5, 2004.