H.B. Fuller Co. (FUL) said April 7 it will raise its quarterly dividend by 13% and establish a $300 million share repurchase program.

The company said the new dividend of 19 cents per share, up from 16.75 cents, will be paid on May 5 to shareholders of record as of April 21. Based on current stock prices, the new annualized dividend rate implies a dividend yield of 1.16%. The $300 million share repurchase program represents about 8.6% of H.B.’s current market capitalization. Fuller.