Global Payments (GPN) will raise its quarterly dividend by 28.2 percent in 2021. This follows a whopping dividend hike of no less than 1850 percent to $0.195 per share in 2019. This is the second ever dividend increase by the payment technology company.

The next GPN dividend is payable September 24, 2021 with an ex-dividend date of September 9, 2021. A new annual rate of $1.00 per share yields 0.6% at a stock price of $169. The annual dividend payment by GPN will jump to $295 million.

Global Payments Inc. is a provider of payment technology and software solutions. The company's payment technology solutions enable customers to accept card, electronic, check and digital-based payments. The company's offerings include authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements and on-line reporting. Also GPN offers enterprise software solutions and value-added services, including analytic and engagement tools, payroll services and reporting. GPN has been in the payment technology services business since 1967. The company was incorporated in Georgia as Global Payments Inc. in 2000 and spun-off from its former parent company in 2001.