Analog Devices Raises Quarterly Dividend to 86 Cents per Share
15 February 2023 - 10:14AM
Dow Jones News
By Stephen Nakrosis
Analog Devices Inc. said Tuesday its board approved a 13%
increase to the company's quarterly dividend.
The new dividend of 86 cents per share will be payable on March
8 to shareholders of record at the close of business on Feb. 27,
the company said.
The latest increase marks the company's 20th increase in the
last 19 years, it said.
Vincent Roche, the semiconductor company's chief executive and
chair, said "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."
Analog Devices last raised its dividend, to 76 cents, in Feb. of
last year.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
February 14, 2023 17:59 ET (22:59 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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