Xilinx (XLNX) will raise its quarterly dividend by 2.7 percent to $0.38 per share in the second quarter of 2020. Last year XLNX hiked its dividend by 1 cent to 37 cents per share quarterly, marking 15 consecutive years of higher dividends.

The next dividend is payable on June 3, 2020 to all stockholders of record at the close of business on May 13, 2020. A new annual rate of $1.52 per share yields 1.7% at a stock price of $86.92.

Xilinx, Inc. designs and develops programmable devices and associated technologies, including integrated circuits (ICs) in the form of programmable logic devices (PLDs), Adaptive Compute Acceleration Platform (ACAP), software design tools to program the PLDs, software development environments and embedded platforms, targeted reference designs, printed circuit boards and intellectual property (IP), which consists of Xilinx and various third-party verification and IP cores. Xilinx was founded and incorporated in California in February 1984 and has paid a dividend every year since 2004.