Analog Devices Raises Quarterly Dividend By 11%
February 16 2021 - 5:00PM
Business Wire
Analog Devices, Inc. (Nasdaq: ADI) today announced that its
Board of Directors has voted to increase its quarterly dividend
from $0.62 per outstanding share of common stock to $0.69, which is
the equivalent of $2.76 annually. The new dividend represents an
increase of 11% and marks the Company's 18th increase in the last
17 years. ADI has paid a dividend for 69 consecutive quarters,
totaling $7 billion of cash returned to shareholders through
dividends.
"Our robust cash generation and free cash flow margin places us
in the top 10% of companies in the S&P 500, and we remain
committed to returning 100% of our free cash flow to shareholders,”
said Vincent Roche, President and CEO. “The diversity of our
business and our alignment to the most important secular trends
gives me confidence that we are well positioned to drive sustained
growth over the long-term.”
The increase is effective with the dividend payable on March 9,
2021 to shareholders of record as of the close of business on
February 26, 2021. The payment of any future quarterly dividends,
or a future increase in the quarterly dividend amount, will be at
the discretion of the Board and will be dependent upon ADI's
financial position, results of operations, outlook, liquidity, and
other factors deemed relevant by the Board.
About Analog Devices
Analog Devices (Nasdaq: ADI) is a leading global
high-performance analog technology company dedicated to solving the
toughest engineering challenges. We enable our customers to
interpret the world around us by intelligently bridging the
physical and digital with unmatched technologies that sense,
measure, power, connect and interpret. Visit
http://www.analog.com.
(ADI-WEB)
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version on businesswire.com: https://www.businesswire.com/news/home/20210216006185/en/
Michael Lucarelli 781-461-3282 Sr. Director of Investor
Relations investor.relations@analog.com
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