Company Website:
http://www.analog.com
NORWOOD, Mass. -- (Business Wire)
Analog Devices, Inc. (NASDAQ: ADI) today announced that its Board of
Directors has voted to increase its quarterly dividend to $0.45 from
$0.42 per outstanding share of common stock. The new dividend rate
represents an increase of 7 percent, marking the Company’s 14th
dividend increase in the last 13 years.
“ADI’s dividend program is a foundational component of our shareholder
value creation strategy and highlights the stellar cash generation
capabilities of our franchise,” said Vincent Roche, President and CEO.
“We are proud of our 13 year history of being a dividend paying company,
one of the longest records in our industry.”
Since the first dividend was paid in December 2003, the Company has
returned a total of $4 billion in dividends to shareholders.
The increase is effective with the dividend payable on March 7, 2017 to
shareholders of record as of the close of business on February 24, 2017.
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 designs and
manufactures semiconductor products and solutions. We enable our
customers to interpret the world around us by intelligently bridging the
physical and digital with unmatched technologies that sense, measure and
connect. Visit http://www.analog.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170214006397/en/
Contacts:
Analog Devices, Inc.
Mr. Ali Husain, 781-461-3282
781-461-3491
(fax)
Treasurer and Director of Investor Relations
investor.relations@analog.com
Source: Analog Devices, Inc.
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