Analog Devices Increases Quarterly Cash Dividend by 2 Cents to $0.42 Per Share & Increases Share Buyback Authorization to $1 ...
16 Februar 2016 - 10:01PM
Business Wire
Analog Devices, Inc. (NASDAQ: ADI) today announced that its
Board of Directors has voted to increase its quarterly dividend by
2 cents to $0.42 from $0.40 per outstanding share of common
stock.
In addition, the Board of Directors has approved an increase to
the Company’s share repurchase authorization to $1 billion. As of
January 30, 2016, the Company had $415 million remaining under its
previous authorization.
“We are pleased to announce this increase to our dividend,” said
Vincent Roche, President and CEO. “The cash generation capacity of
our business has enabled us to pay our shareholders a dividend
every quarter since December 2003, and to increase our dividend
thirteen times over that same period. We have returned to our
shareholders more than $3.4 billion through our dividend, which we
believe shows our strong commitment to shareholder returns.”
The increase is effective with the dividend payable on March 8,
2016 to shareholders of record as of the close of business on
February 26, 2016. 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.
Analog Devices commenced its stock repurchase program in fiscal
year 2004, and since that date the Company has repurchased
approximately $5.2 billion of its outstanding shares. Under the
program, the Company may repurchase shares from time to time on the
open market or in privately negotiated transactions. ADI management
will determine the timing and amount of shares repurchased.
About Analog DevicesAnalog Devices designs and
manufactures semiconductor products and solutions. We enable our
customers to interpret the world around us by intelligently
bridging the physical and digital with unmatched technologies that
sense, measure and connect. Visit http://www.analog.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160216006607/en/
Analog Devices, Inc.Mr. Ali Husain, 781-461-3282
(phone)781-461-3491 (fax)Treasurer and Director of Investor
Relationsinvestor.relations@analog.com
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