FactSet Research Systems (NYSE:FDS) has discovered the value of returning more money to shareholders. The company declared a quarterly dividend of $0.35 per share of its common stock, to be handed out on June 18 to shareholders of record as of May 31. This amount represents a 13% increase over the previous distribution of $0.31, which was paid in each of the firm's preceding four quarters.

FactSet, a habitual dividend payer, tends to boost its distribution once per year. Since early 2005, that payout has climbed steadily from $0.05 per share to the current level.

The new dividend annualizes to $1.40 per share. That yields 1.4% at FactSet's current stock price of $97.68.

The company also authorized an expansion to its existing share repurchase program. This will be widened by $200 million. As of the end of February, the program's authorization amount stood at $55.5 million.