Analog Devices Raises Quarterly Dividend By 13%
14 Fevereiro 2023 - 7:33PM
Business Wire
Analog Devices, Inc. (NASDAQ: ADI), a global semiconductor
leader, today announced that its Board of Directors has voted to
increase its quarterly dividend from $0.76 per outstanding share of
common stock to $0.86, which represents an increase of 13% and is
the equivalent of $3.44 annually.
“Our highly profitable business model has proven resilient
throughout dynamic macro environments, generating positive free
cash flow for 26 consecutive years,” said Vincent Roche, CEO and
Chair. “We target returning 100% of free cash flow to shareholders
through both dividend payments and share repurchases, and we have
returned more than $12 billion to shareholders in the last five
years. Over the long-term, we are committed to reinvesting in our
business, while delivering significant value to shareholders.”
The increase is effective with the dividend payable on March 8,
2023, to shareholders of record as of the close of business on
February 27, 2023. This marks the Company's 20th increase in the
last 19 years. ADI has paid a dividend for 76 consecutive quarters,
totaling more than $9 billion of cash returned to shareholders
through dividends.
About Analog Devices
Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor
leader that bridges the physical and digital worlds to enable
breakthroughs at the Intelligent Edge. ADI combines analog,
digital, and software technologies into solutions that help drive
advancements in digitized factories, mobility, and digital
healthcare, combat climate change, and reliably connect humans and
the world. With revenue of more than $12 billion in FY22 and
approximately 25,000 people globally working alongside 125,000
global customers, ADI ensures today’s innovators stay Ahead of
What’s Possible. Learn more at www.analog.com and on LinkedIn and
Twitter.
Forward Looking
Statements
This press release contains forward-looking statements
regarding, among other things, the timing and amount of cash
dividends and share repurchases, return of free cash flow,
reinvesting in our business, delivering value to shareholders and
our financial position in the future. Statements that are not
historical facts, including statements about our beliefs, plans and
expectations, are forward-looking statements. Such statements are
based on our current expectations and are subject to a number of
factors and uncertainties, which could cause actual results to
differ materially from those described in the forward-looking
statements. The following important factors and uncertainties,
among others, could cause actual results to differ materially from
those described in these forward-looking statements: political and
economic uncertainty, including any faltering in global economic
conditions or the stability of credit and financial markets;
erosion of consumer confidence and declines in customer spending or
cancellations of orders for our products; unavailability of raw
materials, services, supplies or manufacturing capacity;
disruptions to our manufacturing operations or our ability to
execute our business strategy; changes in geographic, product or
customer mix; changes in export classifications, import and export
regulations or duties and tariffs; changes in our estimates of our
expected tax rates based on current tax law; adverse results in
litigation matters, including the potential for litigation related
to the Maxim acquisition; the risk that we will be unable to retain
and hire key personnel including as a result of labor shortages;
changes in demand for semiconductors; the uncertainly as to the
extent of the duration, scope, and impacts of the COVID-19
pandemic; attempted or actual security breaches and other
cybersecurity incidents that disrupt our operations; unanticipated
difficulties or expenditures relating to integrating Maxim;
uncertainty as to the long-term value of our common stock; the
discretion of our Board of Directors to declare dividends and our
ability to pay dividends in the future; factors impacting our
ability to repurchase shares; the diversion of management time on
integrating Maxim's business and operations; our ability to
successfully integrate acquired businesses and technologies,
including Maxim; and the risk that expected benefits, synergies and
growth prospects of acquisitions, including our acquisition of
Maxim, may not be fully achieved in a timely manner, or at all. For
additional information about factors that could cause actual
results to differ materially from those described in the
forward-looking statements, please refer to our filings with the
Securities and Exchange Commission (“SEC”), including the risk
factors contained in our most recent Annual Report on Form 10-K.
Forward-looking statements represent management’s current
expectations and are inherently uncertain. Except as required by
law, we do not undertake any obligation to update forward-looking
statements made by us to reflect subsequent events or
circumstances.
(ADI-WEB)
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version on businesswire.com: https://www.businesswire.com/news/home/20230214005853/en/
Michael Lucarelli Vice President, Investor Relations and
FP&A Analog Devices, Inc. 781-461-3282
investor.relations@analog.com
Analog Devices (NASDAQ:ADI)
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