NAPCO Security Technologies' board has raised the company's quarterly dividend by 13%, to 17 cents from 15 cents.
The new payout, equal to 68 cents a year, represents an annual yield of about 1.78% based on Friday's closing price of $38.09, up from 1.58%.
The Amityville, N.Y., maker of security products company on Monday said the increased dividend is payable Oct. 2 to shareholders of record Sept. 11.
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