NXP Semiconductors NV (symbol: NXPI) will raise its quarterly dividend by 20 percent to $1.014 per share in 2023. Last year the Eindhoven (The Netherlands) based company announced a 50 percent dividend hike. This marks 5 consecutive years of increased dividends by NXPI.

On January 30, 2023, the NXP Board of Directors approved a 20 percent increase in the quarterly cash dividend to $1.014 per ordinary share. The interim dividend will be paid in cash on April 5, 2023 to shareholders of record as of March 15, 2023.

NXP Semiconductors makes secure connectivity solutions for embedded applications in the automotive, industrial & IoT, mobile, and communication infrastructure markets. NXPI segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing. NXP is based in The Netherlands and has been paying a dividend every year since 2018.