West Pharmaceutical Services (WST) will raise its quarterly dividend by 6.3 percent to 17 cents per share in 2020. This follows a 6.7 percent increase to $0.16 per share in 2019 and also marks the 28th consecutive year of dividend increases by the company.

The next dividend will be paid on November 18, 2020, to shareholders of record as of November 11, 2020. A new annual rate of 68 cents yields 0.2% at a stock price of $272.

West Pharmaceutical Services, Inc. is a leading manufacturer of packaging components and delivery systems for injectable drugs and healthcare products. West is headquartered in Exton, Pennsylvania, and supports its customers from locations in North and South America, Europe, Asia and Australia. The company has paid a dividend to shareholders every year since at least 1987.