Amdocs Limited (DOX) will raise its quarterly dividend by 9.9 percent to 36 cents quarterly in 2021. This follows a dividend hike of 14.9 percent to $0.3275 per share announced in 2020. This marks the 8th consecutive year of dividend increases by the provider of software and services for communications, entertainment and media industry company's.

The next dividend will be payable on April 23, 2021 to shareholders of record on March 31, 2021. A new annual rate of $1.44 per share yields 1.9% at a stock price of $74.75 for Amdocs.

Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The company's customers include most of the major telecom operators worldwide, such as Vodafone, AT&T and T-Mobile. Amdocs initial public offering took place on June 19th, 1998 and the company has paid a dividend every year since 2012. Amdocs Limited is incorporated under the laws of the Island of Guernsey.