Company increases quarterly dividend to $0.40 per share from $0.37
per share
NORWOOD, Mass.--(BUSINESS WIRE)--
Analog Devices, Inc. (NASDAQ: ADI)
today announced that its Board of Directors has voted to increase its
quarterly dividend to $0.40 from $0.37 per outstanding share of common
stock. The new dividend rate represents an increase of 8 percent,
marking the Company's 12th dividend increase in the last 11
years.
"Our dividend program continues to be a very important part of our total
shareholder return philosophy, and highlights the confidence that we
have in our business strategy and our outlook for the future," said
Vincent Roche, President and CEO. "We are proud of our 11 year history
of being a dividend paying company, one of the longest records in the
semiconductor sector."
Since the first dividend was paid in December 2003, the Company has
returned a total of $2.9 billion in dividends to shareholders.
The increase is effective with the quarterly dividend payable on March
10, 2015 to shareholders of record as of the close of business on
February 27, 2015. 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.
About Analog Devices
Innovation, performance, and excellence are the cultural pillars on
which Analog Devices has built one of the longest standing, highest
growth companies within the technology sector. Acknowledged
industry-wide as the world leader in data conversion and signal
conditioning technology, Analog Devices serves over 100,000 customers,
representing virtually all types of electronic equipment. Analog Devices
is headquartered in Norwood, Massachusetts, with design and
manufacturing facilities throughout the world. Analog Devices' common
stock is included in the S&P 500 Index.
Analog Devices, Inc.
Ali Husain, 781-461-3282
Director of
Investor Relations
781-461-3491 (fax)
investor.relations@analog.com
Source: Analog Devices, Inc.
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