Ruth's Hospitality Group, Inc. (RUTH) will raise its quarterly dividend by  15.4 percent to $0.15 per share in 2020. This follows dividend hikes in each of the previous six years by the restaurant chain.

The next dividend will be paid on March 20, 2020 to shareholders of record as of the close of business on March 6, 2020. A new annual payment of 60 cents per share yields 3.1% at a stock price of $19.

Ruth's Hospitality Group, Inc., headquartered in Winter Park, Florida, develops and operates fine dining restaurants under the trade name Ruth's Chris Steak House. The company operates its own company-owned restaurants and franchisee-owned restaurants located in the United States, Aruba, Canada, China, Hong Kong, Indonesia, Japan, Mexico, Singapore and Taiwan. The company was founded in 1965 and became a public company in 2005.