Posted in | News | Sensors General

Analog Devices Announces 7 Percent Increase in Quarterly Cash Dividend to $0.45 Per Share; Represents Annual Dividend of $1.80 Per Share

Analog Devices, Inc. today announced that its Board of Directors has voted to increase its quarterly dividend to $0.45 from $0.42 per outstanding share of common stock. The new dividend rate represents an increase of 7 percent, marking the Company’s 14th dividend increase in the last 13 years.

"ADI’s dividend program is a foundational component of our shareholder value creation strategy and highlights the stellar cash generation capabilities of our franchise," said Vincent Roche, President and CEO. "We are proud of our 13 year history of being a dividend paying company, one of the longest records in our industry.”

Since the first dividend was paid in December 2003, the Company has returned a total of $4 billion in dividends to shareholders.

The increase is effective with the dividend payable on March 7, 2017 to shareholders of record as of the close of business on February 24, 2017. 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.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Analog Devices, Inc.. (2019, August 20). Analog Devices Announces 7 Percent Increase in Quarterly Cash Dividend to $0.45 Per Share; Represents Annual Dividend of $1.80 Per Share. AZoSensors. Retrieved on October 08, 2024 from https://www.azosensors.com/news.aspx?newsID=13215.

  • MLA

    Analog Devices, Inc.. "Analog Devices Announces 7 Percent Increase in Quarterly Cash Dividend to $0.45 Per Share; Represents Annual Dividend of $1.80 Per Share". AZoSensors. 08 October 2024. <https://www.azosensors.com/news.aspx?newsID=13215>.

  • Chicago

    Analog Devices, Inc.. "Analog Devices Announces 7 Percent Increase in Quarterly Cash Dividend to $0.45 Per Share; Represents Annual Dividend of $1.80 Per Share". AZoSensors. https://www.azosensors.com/news.aspx?newsID=13215. (accessed October 08, 2024).

  • Harvard

    Analog Devices, Inc.. 2019. Analog Devices Announces 7 Percent Increase in Quarterly Cash Dividend to $0.45 Per Share; Represents Annual Dividend of $1.80 Per Share. AZoSensors, viewed 08 October 2024, https://www.azosensors.com/news.aspx?newsID=13215.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.