Analog Devices (ADI) Raises Quarterly Dividend 13.2% to $0.86; 1.9% Yield

Analog Devices (NASDAQ: ADI) declared a quarterly dividend of $0.86 per share, or $3.44 annualized. This is a 13.2% increase from the prior dividend of $0.76.

The dividend will be payable on March 8, 2023, to stockholders of record on February 27, 2023, with an ex-dividend date of February 24, 2023.

The annual yield on the dividend is 1.9 percent.

“Our highly profitable business model has proven resilient throughout dynamic macro environments, generating positive free cash flow for 26 consecutive years,” said Vincent Roche, CEO and Chair. “We target returning 100% of free cash flow to shareholders through both dividend payments and share repurchases, and we have returned more than $12 billion to shareholders in the last five years. Over the long-term, we are committed to reinvesting in our business, while delivering significant value to shareholders.”

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

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