Analog Devices (ADI) Raises Quarterly Dividend 7% to $0.92; 1.9% Yield
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Analog Devices Raises Quarterly Dividend By 7%
February 20, 2024 5:30 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 $0.86 per outstanding share of common stock to $0.92, which represents an increase of 7% and is equivalent to $3.68 annually.
Today marks our 20th consecutive year of dividend increases, a testament to ADIs enduring business qualities which have enabled positive free cash flow generation for 27 consecutive years, said Vincent Roche, CEO and Chair. The dividend is the cornerstone of our capital return strategy which is... More
