The board of directors of dental device manufacturer and supplier Denstply International (NASDAQ:XRAY) is raising the company's annual dividend to $0.25 per share from $0.22 per share.

Paid in quarterly installments of $0.0625 per share, it amounts to a 13.6% increase over the previous payout. The dividend is payable on April 12 to holders of record on March 29.

Dentsply is the world`s largest manufacturer of consumable dental products for the professional dental market with sales in more than 120 countries. The company has been in operation for more than 110 years and has consistently paid a quarterly dividend since 1994. (The chart below does not include the most recent dividend increase.)

XRAY Dividend Chart

XRAY Dividend data by YCharts.

link

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.