Verisk Analytics Inc. (VRSK) will increase its quarterly dividend by 7.4 percent to 29 cents per share in 2021. This follows a dividend hike of 8.0 percent to $0.27 per share announced in 2020. In 2019 the data analytics provider serving customers in insurance, natural resources and financial services initiated a 25 cent quarterly dividend and this is the second increase since.

The next dividend will be paid on March 31, 2021 to shareholders of record on March 15, 2021. A new annual dividend rate of $1.16 per share yields 0.7% at a stock price of $173.

Verisk Analytics Inc. is a data analytics provider serving customers in insurance, energy and specialized markets, and financial services. The company collects and analyzes billions of records, drawing on data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. Verisk helps customers worldwide to protect people, property, and financial assets. Verisk initiated a quarterly dividend in 2019.