Maria Tagliaferro ,
Analog Devices Increases Cash Dividend By 20 Percent
Analog Devices, Inc. (NYSE: ADI) today announced that its Board of Directors has approved a 20 percent increase in its regular quarterly dividend to $0.30 per outstanding share of common stock.
“Today’s cash dividend announcement signals our confidence in the long-term cash generation capability of ADI and our goal to continuously improve the rate of return for our shareholders,” said Jerald G. Fishman, President and CEO.
This marks the ninth time the Board has raised the dividend since the Company first began paying a quarterly cash dividend in November 2003. Since that time, a total of $1.7 billion in dividends have been paid to shareholders, representing approximately 39% of net income from continuing operations over the same time period.
The increase is effective with the dividend payable on March 28, 2012 to shareholders of record as of the close of business on March 9, 2012. The payment of any future quarterly dividends 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.
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- Maria Tagliaferro