Switch Inc. (SWCH) will hike its dividend by 5 percent in 2021 to 5.25 cents quarterly. Last year the company raised its dividend by 70.1 percent to 5 cents per share quarterly. The technology infrastructure company initiated a dividend in 2017.

The dividend will be payable on August 31, 2021 to all stockholders of record as of the close of business on August 19, 2021. A new annual rate of 21 cents yields 0.9% at a stock price of $24.32. The next ex-dividend date for SWCH is August 18, 2021.

Switch, the technology infrastructure corporation headquartered in Las Vegas, Nevada is built on the intelligent and sustainable growth of the internet. Switch founder and CEO Rob Roy has developed more than 600 issued and pending patent claims covering data center designs that have manifested into the company's world-renowned data centers and technology solution ecosystems. The Switch Primes located in Las Vegas and Tahoe-Reno, Nevada; Grand Rapids, Michigan; and Atlanta, Georgia are the world's highest-rated hyperscale data center campus ecosystems with low latency to major U.S. markets. Switch initiated a quarterly dividend in 2017.