WD-40 Co. said Dec. 12 that it increased its quarterly dividend by 10 percent to 54 cents per share.

The dividend is payable Jan. 31 to stockholders of record on Jan. 19.

WD-40 (Nasdaq: WDFC) produces its namesake lubricant as well as a variety of chemicals for cleaning and workshop use.

The corporation has raised its dividend for eight consecutive years. During that period, the dividend has increased 116 percent.

The company recently left its longtime headquarters in the Morena district for new offices on Businesspark Avenue in Scripps Ranch.