Ubiquiti's board has raised the network-technology company's quarterly dividend by 25%, to $1.00 from 80 cents.

The new payout, equal to $4.00 a year, represents an annual yield of about 0.7% based on Thursday's closing price of $573.87, up from 0.56%.

The New York company on Friday said the increased dividend is payable Sept. 8 to shareholders of record Aug. 31.