Cultured-dairy products maker Lifeway Foods (NASDAQ:LWAY) announced yesterday it will be paying its second annual dividend in the amount of $0.08 per share, 14% more than it paid last year when it initiated the payout at $0.07.

The board of directors said the dividend is payable on June 28 to shareholders of record as of the close of business on May 31. Lifeway is best known for its kefir products, a dairy beverage that contains 10 exclusive live and active probiotic cultures.