Analog Devices (ADI) Raises Quarterly Dividend 13.2% to $0.86; 1.9% Yield
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Analog Devices Raises Quarterly Dividend By 13%
February 14, 2023 5:33 PM ESTWILMINGTON, Mass.--(BUSINESS WIRE)-- Analog Devices, Inc. (NASDAQ: ADI), a global semiconductor leader, today announced that its Board of Directors has voted to increase its quarterly dividend from $0.76 per outstanding share of common stock to $0.86, which represents an increase of 13% and is the equivalent of $3.44 annually.
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
