ResMed boosted its quarterly dividend by 10% to 66 cents a share, as its fourth-quarter revenue and profit rose.

The new payout, equal to $2.64, represents an annual yield of about 1.2% based on Thursday's closing price of $223.24.

The dividend is payable on Sept. 24 to shareholders on record as of Aug. 20.

The medical equipment company posted a net income of $383.4 million, or $2.64 a share, compared with $379.7 million, or $2.58 a share, a year earlier.

Adjusted earnings per share were $2.95. Analysts polled by FactSet expected $2.89.

Revenue rose to $1.46 billion from $1.35 billion a year earlier, matching analyst estimates.

Chief Executive Mick Farrell said the company would leverage its global scale and enhance its digital capabilities as it enters fiscal 2027.