Analog Devices Announces 8 Percent Increase in Quarterly Cash Dividend to $0.40 Per Share
Analog Devices, Inc. (NASDAQ: ADI) today announced that its Board of Directors has voted to increase its quarterly dividend to $0.40 from $0.37 per outstanding share of common stock. The new dividend rate represents an increase of 8 percent, marking the Company’s 12th dividend increase in the last 11 years.
“Our dividend program continues to be a very important part of our total shareholder return philosophy, and highlights the confidence that we have in our business strategy and our outlook for the future,” said Vincent Roche, President and CEO. “We are proud of our 11 year history of being a dividend paying company, one of the longest records in the semiconductor sector.”
Since the first dividend was paid in December 2003, the Company has returned a total of $2.9 billion in dividends to shareholders.
The increase is effective with the quarterly dividend payable on March 10, 2015 to shareholders of record as of the close of business on February 27, 2015. The payment of any future quarterly dividends 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
Innovation, performance, and excellence are the cultural pillars on which Analog Devices has built one of the longest standing, highest growth companies within the technology sector. Acknowledged industry-wide as the world leader in data conversion and signal conditioning technology, Analog Devices serves over 100,000 customers, representing virtually all types of electronic equipment. Analog Devices is headquartered in Norwood, Massachusetts, with design and manufacturing facilities throughout the world. Analog Devices’ common stock is included in the S&P 500 Index.
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