QAD Inc. (NASDAQ:

) (NASDAQ:

) today announced that its Board of Directors has approved a 20 percent increase in the company's quarterly dividend to $0.072 per share of Class A common stock and $0.060 per share of Class B common stock. The dividend is payable on January 9, 2012 to shareholders of record at the close of business on November 29, 2011. QAD's Board of Directors also approved a one million share repurchase program of Class A and/or Class B shares of QAD's common stock.