Analog Devices (ADI) Raises Quarterly Dividend 14.8% to $0.62; 2.1% Yield

Analog Devices (NASDAQ: ADI) declared a quarterly dividend of $0.62 per share, or $2.48 annualized. This is a 14.8% increase from the prior dividend of $0.54. The dividend will be payable on February 28, 2020, to stockholders of record on February 18, 2020, with an ex-dividend date of February 14, 2020. The annual yield on the dividend is 2.1 percent.

"Our robust cash flow generation places us in the top 10% of companies in the S&P 500 and we are committed to returning 100% of our free cash flow to shareholders after debt repayments,” said Vincent Roche, President and CEO. “I am confident that we are well positioned to drive sustained growth over the long-term due to our leading-edge technology and diverse business across customers, products and applications.”

For a dividend history and other dividend-related data on Analog Devices (ADI) click here.

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