Analog Devices Announces 7 Percent Increase in Quarterly Cash Dividend to $0.48 Per Share; Represents Annual Dividend of $1.9...
February 27 2018 - 5:00PM
Business Wire
Analog Devices, Inc. (Nasdaq: ADI) today announced that its
Board of Directors has voted to increase its quarterly dividend to
$0.48 per outstanding share of common stock. The new dividend rate
represents an increase of 7 percent, marking the Company's 15th
dividend increase in the last 14 years.
"The cash generation capability of our business has enabled us
to pay our shareholders a dividend every quarter since December
2003,” said Vincent Roche, President and CEO. “During that time,
the Company has returned a total of nearly $4.5 billion in
dividends to shareholders showing our strong commitment to
shareholder returns.”
The increase is effective with the dividend payable on March 20,
2018 to shareholders of record as of the close of business on March
9, 2018. 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 DevicesAnalog Devices (Nasdaq: ADI) is the leading
global high-performance analog technology company dedicated to
solving the toughest engineering challenges. We enable our
customers to interpret the world around us by intelligently
bridging the physical and digital with unmatched technologies that
sense, measure, power, connect and interpret. Visit
http://www.analog.com.
(ADI-WEB)
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version on businesswire.com: http://www.businesswire.com/news/home/20180227006678/en/
Analog Devices, Inc.Mr. Michael Lucarelli,
781-461-3282781-461-3491 (fax)Senior Manager of Investor
Relationsinvestor.relations@analog.com
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