Analog Devices Announces 8 Percent Increase in Quarterly Cash Dividend to $0.40 Per Share
17 Fevereiro 2015 - 7:00PM
Business Wire
Company increases quarterly dividend to $0.40 per share from
$0.37 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.
Analog Devices, Inc.Ali Husain, 781-461-3282Director of Investor
Relations781-461-3491 (fax)investor.relations@analog.com
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