Systemax Inc. (SYX) will hike its quarterly dividend by 14.3 percent to 16 cents per share in 2021. Last year the company paid a $2.00 per share special dividend to shareholders.

The next dividend will be payable on March 15, 2021 to shareholders of record as of the close of business on March 8, 2021.The regular annual dividend rate of 64 cents per share yields 1.5% at a stock price of $36.00 for Systemax.

Systemax Inc. is a provider of industrial products in North America going to market through a system of branded e-Commerce websites and relationship marketers. The company's primary brand is Global Industrial. Other trademarks are: Global, GlobalIndustrial.com, Nexel Relius, Paramount and Interion. Its Consumer Electronics products include television and video; audio; cameras and surveillance; Global Positioning System (GPS); cell phones; video games, and home and electronics accessories. Systemax became a public company in 1995 and has paid a regular quarterly dividend since 2017.