Press release
Analog Devices Raises Quarterly Dividend By 13%
WILMINGTON, Mass.--(BUSINESS WIRE)-- Analog Devices, Inc. (NASDAQ: ADI), a global semiconductor leader, today announced that its Board of Directors has voted
About this update from Analog Devices, Inc.
[{"type":"text","content":" WILMINGTON, Mass.--(BUSINESS WIRE)--\nAnalog 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.\n\n“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.”\n\nThe 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.\n\nAbout Analog Devices\n\nAnalog 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.\n\nForward Looking Statements\n\nThis 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 s...