Xilinx (NASDAQ:XLNX) has declared a raise in its latest quarterly dividend. The chipmaker will dispense $0.25 per share of its common stock on June 5 to shareholders of record as of May 15. That tops the previous payout by 14%. The company had handed out $0.22 per share in each of its past four quarters. Before that, it paid $0.19.

This is the eighth time Xilinx has lifted its distribution since it initiated dividend payments in 2004.

The new dividend annualizes to $1.00 per share. That yields 2.7% at the current stock price of $37.19.