Analog Devices Raises Quarterly Dividend By 15%
18 Fevereiro 2020 - 6:40PM
Business Wire
Analog Devices, Inc. (Nasdaq: ADI) today announced that its
Board of Directors has voted to increase its quarterly dividend
from $0.54 per outstanding share of common stock to $0.62, which is
the equivalent of $2.48 annually. The new dividend represents an
increase of 15% and marks the Company's 17th increase in the last
16 years. ADI has paid a dividend for 65 consecutive quarters,
totaling $6.1 billion of cash returned to shareholders through
dividends.
"Our robust cash flow generation places us in the top 10% of
companies in the S&P 500 and we are committed to returning 100%
of our free cash flow to shareholders after debt repayments,” said
Vincent Roche, President and CEO. “I am confident that we are well
positioned to drive sustained growth over the long-term due to our
leading-edge technology and diverse business across customers,
products and applications.”
The increase is effective with the dividend payable on March 10,
2020 to shareholders of record as of the close of business on
February 28, 2020. 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 (Nasdaq: ADI) is a 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: https://www.businesswire.com/news/home/20200218006090/en/
Michael Lucarelli 781-461-3282 Sr. Director of Investor
Relations investor.relations@analog.com
Analog Devices (NASDAQ:ADI)
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