Specialty home products retailer Williams-Sonoma (WSM) will raise its quarterly cash dividend by 10.4 percent to 53 cents per share in 2020. The company hiked its dividend by 11.6 percent to $0.48 per share in 2019. Williams-Sonoma has raised its dividend for 14 consecutive years.

The quarterly dividend is payable on November 27, 2020, to stockholders of record as of the close of business on October 23, 2020. A new annual rate of $2.12 per share yields 1.9% at a stock price of $111.

Williams-Sonoma, Inc. is a specialty retailer of products for the home. These products are marketed through e-commerce websites, direct mail catalogs and retail stores. Williams-Sonoma, Inc. currently operates in the United States, Canada, Australia and the United Kingdom, offers international shipping to customers worldwide, and has unaffiliated franchisees that operate stores in the Middle East and the Philippines and stores and e-commerce websites in Mexico.