TTEC Holdings, Inc. (TTEC) has announced that it will increase its semi-annual dividend by another 17.6 percent to 40 cents per share. Earlier this year the dividend was already raised by 6.3 percent to $0.34 per share in 2020.

This comes after a total dividend increase of 14.3 percent by the customer engagement management service provider in 2019.

The next dividend will be paid on October 29, 2020 to shareholders of record as of October 14, 2020. A new annual rate of 80 cents yields 1.5% at a stock price of $54.

In a press release dated September 28, 2020 the company mentions that this semi-annual dividend represents a 17.6 percent increase over the dividend paid in April 2020 and 25.0 percent increase over the dividend paid in October 2019.

TTEC Holdings initiated a dividend in 2015 and has since hiked its annual payment by double digits every year. The company currently pays an estimated $37 million in dividends to shareholders annually. If we include the 2020 dividend hike the dividend track record for TTEC moves to five consecutive years of dividend increases.

TTEC Holdings, Inc., formerly TeleTech Holdings, Inc., is a customer engagement management service provider that delivers integrated consulting, technology, growth and customer care solutions.
The company delivers outcome-based customer engagement solutions through TTEC Digital, its digital consultancy that designs and builds human centric, tech-enabled, insight-driven customer experience solutions for clients and TTEC Engage, that operates customer acquisition, care, growth and digital trust and safety services. The company was originally founded in 1982 and has paid a dividend to shareholders since 2015.