Specialty chemical business Rockwood Holdings (NYSE:ROC) plans to increase its quarterly dividend by 12.5%, to $0.45 per share.

The company previously raised its dividend payout by 14.3% in March 2013, from $0.35 per share to $0.40, and has paid a dividend since June 2012. Rockwood's latest dividend will be payable Sept. 26 to shareholders of record as of Sept. 11.

On an annualized basis, Rockwood's most recent quarterly payout adds up to $1.80. As of the market's close on Aug. 28, the chemical company's stock was trading at $63.36, which means its current dividend yield is approximately 2.8%.

ROC Dividend Chart

ROC Dividend data by YCharts. Does not include most recent increase.

Fool contributor Caroline Bennett 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.