Posted in | Sensors General

Analog Devices Announces 12.5 Percent Increase in Dividend; Raises Annual Dividend Growth Target to 7% to 15%

Analog Devices, Inc. today announced that its Board of Directors has voted to increase its quarterly dividend to $0.54 per outstanding share of common stock. The new dividend represents an increase of 12.5 percent, marking the Company's 16th dividend increase in the last 15 years.

"We pride ourselves on our commitment to shareholder returns and have paid a dividend every quarter since 2003,” said Vincent Roche, President and CEO, “And given the confidence in our future prospects and strength of our business model, I am pleased to announce that we have increased our target dividend growth rate to 7 to 15 percent annually from our previous target of 5 to 10 percent.”

The increase is effective with the dividend payable on March 12, 2019 to shareholders of record as of the close of business on March 1, 2019. 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.

Source: https://www.analog.com/en/index.html

Citations

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

  • APA

    Analog Devices, Inc.. (2019, August 26). Analog Devices Announces 12.5 Percent Increase in Dividend; Raises Annual Dividend Growth Target to 7% to 15%. AZoSensors. Retrieved on October 24, 2020 from https://www.azosensors.com/news.aspx?newsID=13340.

  • MLA

    Analog Devices, Inc.. "Analog Devices Announces 12.5 Percent Increase in Dividend; Raises Annual Dividend Growth Target to 7% to 15%". AZoSensors. 24 October 2020. <https://www.azosensors.com/news.aspx?newsID=13340>.

  • Chicago

    Analog Devices, Inc.. "Analog Devices Announces 12.5 Percent Increase in Dividend; Raises Annual Dividend Growth Target to 7% to 15%". AZoSensors. https://www.azosensors.com/news.aspx?newsID=13340. (accessed October 24, 2020).

  • Harvard

    Analog Devices, Inc.. 2019. Analog Devices Announces 12.5 Percent Increase in Dividend; Raises Annual Dividend Growth Target to 7% to 15%. AZoSensors, viewed 24 October 2020, https://www.azosensors.com/news.aspx?newsID=13340.

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
Submit