MarketAxess Holdings (MKTX) will raise its quarterly dividend by 10 percent to 66 cents per share in 2021. This comes after a 17.6 percent hike to $0.60 per share in the first quarter of 2020. This also marks the 12th consecutive year in a row of dividend increases for the electronic trading platform.

The next dividend will be paid on February 24, 2021 to stockholders of record as of the close of business on February 10, 2021. A new annualized dividend rate of $2.64 per share yields 0.5% at a stock price of $534.

MarketAxess Holdings will now pay an estimated $100 million in dividends to shareholders annually. The dividend has been raised by double digits for 11 consecutive years.

MarketAxess operates a leading electronic trading platform that enables fixed-income market participants to efficiently trade corporate bonds and other types of fixed-income instruments using MarketAxess' patented trading technology. MarketAxess was formed in April 2000, and pilot trading on our fully disclosed multi-dealer platform began in October 2000. The company made its initial public offering of its common stock on November 5, 2004.