Agilent Technologies A recently announced that its board of directors has increased its quarterly dividend. In fact, the company has been consistently rewarding its shareholders through dividends.On a year-to-date basis, Agilent’s shares have outperformed the industry it belongs to.The stock has lost 3% compared with the industry’s decline of 3.1% in the said period. The company’s investor-friendly announcement might further give a lift to the stock.Shareholder-Friendly MoveAgilent, a broad-based OEM of test and measurement equipment, raised its quarterly dividend to 16.4 cents per share. The new dividend, which has been approved by the company’s board of directors, will be paid to investors on Jan 23, 2019.We believe that the dividend hike not only highlights Agilent’s commitment toward creating value for shareholders but also underlines the company’s financial condition and confidence in business. Agilent has a stable dividend payment history, as is evident from its past records.Bottom LineAgilent has a strong capital management policy in place. Based in Palo Alto, CA, the company’s initiatives are well supported by its solid cash flow generation, which in turn is driven by sustained solid operational performance.Moreover, Agilent’s efforts toward enhancing shareholder wealth through dividends are impressive. In the third quarter of fiscal 2018, the company returned $48 million to its shareholders through dividends. Cash and cash equivalents were $2.1 billion compared with $3.01 billion in the prior-year quarter.In fact, we believe that dividend hikes are a good way of building investor confidence, as these enhance shareholder value.Agilent is set to report fiscal fourth-quarter 2018 results on Nov 19.For the fiscal fourth quarter, the company expects to post revenues between $1.24 billion and $1.26 billion, and non-GAAP earnings per share in the range of 72-74 cents. The Zacks Consensus Estimate for revenues is pegged at $1.26 billion and that of earnings stands at 73 cents per share.Agilent Technologies, Inc. Price and Consensus Agilent Technologies, Inc. Price and Consensus | Agilent Technologies, Inc. QuoteZacks Rank & Key PicksCurrently, Agilent flaunts a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are boohoo group plc BHOOY, QuinStreet, Inc. QNST and AMETEK, Inc. AME, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Long-term earnings growth rate for boohoo group, QuinStreet and AMETEK is currently pegged at 25%, 25% and 11.18%, respectively.Looking for Stocks with Skyrocketing Upside?Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BOOHOO COM PLC (BHOOY): Free Stock Analysis Report QuinStreet, Inc. (QNST): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report AMETEK, Inc. (AME): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research