Littelfuse Inc. (LFUS) will raise its quarterly dividend by 10.4 percent to 53 cents per share. This follows a dividend hike of 11.6 percent to $0.48 per share in 2019. This will mark the 11th consecutive year of dividend increases by the circuit protection products supplier.

The next dividend will be paid on September 2, 2021 to shareholders of record as of August 19, 2021. A new annual rate of $2.12 per share yields 0.8% at a stock price of $266. LFUS will pay an estimated $52 million in dividends to shareholders if we include this new dividend hike.

Littelfuse, Inc. is a manufacturer of technologies in circuit protection, power control and sensing. The company’s products are found in automotive and commercial vehicles, industrial applications, data and telecommunications, medical devices, consumer electronics and appliances. Littelfuse conducts its business through three reportable segments: Electronics, Automotive, and Industrial. The company serves customers with technologies including fuses, semiconductors, polymers, ceramics, relays and sensors. Littelfuse, Inc., was incorporated under the laws of the State of Delaware in 1991. Edward V. Sundt founded Littelfuse in 1927 and invented the first small, fast-acting protective fuse to prevent sensitive test meters from burning out.