Analog Devices Raises Quarterly Dividend By 10%
15 Februar 2022 - 11:00PM
Business Wire
Analog Devices, Inc. (NASDAQ: ADI) today announced that its
Board of Directors has voted to increase its quarterly dividend
from $0.69 per outstanding share of common stock to $0.76, which is
the equivalent of $3.04 annually. The new dividend represents an
increase of 10% and marks the Company's 19th increase in the last
18 years. ADI has paid a dividend for 73 consecutive quarters,
totaling more than $8 billion of cash returned to shareholders
through dividends.
“Our resilient operating model has passed the test of time,
producing positive free cash flow every year for more than two
decades. This durability enables us to return 100% of free cash
flow to shareholders which we balance between a consistently
growing dividend and quarterly share repurchases,” said Vincent
Roche, President and CEO. “I am confident that our highly
diversified business model and alignment with key secular growth
trends position us to drive long-term profitable growth.”
The increase is effective with the dividend payable on March 8,
2022 to shareholders of record as of the close of business on
February 25, 2022. 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.
About Analog Devices
Analog Devices, Inc. (Nasdaq: ADI) operates at the center of the
modern digital economy, converting real-world phenomena into
actionable insight with its comprehensive suite of analog and mixed
signal, power management, radio frequency (RF), and digital and
sensor technologies. ADI serves 125,000 customers worldwide with
more than 75,000 products in the industrial, communications,
automotive, and consumer markets. ADI is headquartered in
Wilmington, MA. Visit http://www.analog.com.
Forward Looking
Statements
This press release contains forward-looking statements
regarding, among other things, the timing and amount of cash
dividends and any share repurchases, as well as free cash flow and
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 subject to a number of
factors and uncertainties, which could cause actual results to
differ materially from those described in the forward-looking
statements. The following important factors and uncertainties,
among others, could cause actual results to differ materially from
those described in these forward-looking statements: the
uncertainty as to the extent of the duration, scope and impacts of
the COVID-19 pandemic; political and economic uncertainty,
including any faltering in global economic conditions or the
stability of credit and financial markets; erosion of consumer
confidence and declines in customer spending; unavailability of raw
materials, services, supplies or manufacturing capacity; changes in
geographic, product or customer mix; changes in export
classifications, import and export regulations or duties and
tariffs; changes in our estimates of our expected tax rates based
on current tax law; adverse results in litigation matters,
including the potential for litigation related to the Maxim
acquisition; the risk that we will be unable to retain and hire key
personnel; unanticipated difficulties or expenditures relating to
integrating Maxim; uncertainty as to the long-term value of our
common stock; the diversion of management time on integrating
Maxim's business and operations; our ability to successfully
integrate acquired businesses and technologies, including Maxim;
and the risk that expected benefits, synergies and growth prospects
of acquisitions, including our acquisition of Maxim, may not be
fully achieved in a timely manner, or at all. For additional
information about factors that could cause actual results to differ
materially from those described in the forward-looking statements,
please refer to our filings with the Securities and Exchange
Commission (“SEC”), including the risk factors contained in our
most recent Quarterly Report on Form 10-Q and Annual Report on Form
10-K. Forward-looking statements represent management’s current
expectations and are inherently uncertain. Except as required by
law, we do not undertake any obligation to update forward-looking
statements made by us to reflect subsequent events or
circumstances.
Analog Devices and the Analog Devices logo are registered
trademarks or trademarks of Analog Devices, Inc. All other
trademarks mentioned in this document are the property of their
respective owners
(ADI-WEB)
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version on businesswire.com: https://www.businesswire.com/news/home/20220215006158/en/
Michael Lucarelli Vice President, Investor Relations and
FP&A Analog Devices, Inc. 781-461-3282
investor.relations@analog.com
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