NORWOOD, Mass.--(BUSINESS WIRE)--Feb. 19, 2019--
Devices, Inc. (Nasdaq: ADI)
today announced that its Board of Directors has voted to increase its
quarterly dividend to $0.54 per outstanding share of common stock. The
new dividend represents an increase of 12.5 percent, marking the
Company's 16th dividend increase in the last 15 years.
"We pride ourselves on our commitment to shareholder returns and have
paid a dividend every quarter since 2003,” said Vincent Roche, President
and CEO, “And given the confidence in our future prospects and strength
of our business model, I am pleased to announce that we have increased
our target dividend growth rate to 7 to 15 percent annually from our
previous target of 5 to 10 percent.”
The increase is effective with the dividend payable on March 12, 2019 to
shareholders of record as of the close of business on March 1, 2019. 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 (Nasdaq: ADI) is a
leading global high-performance analog technology company dedicated to
solving the toughest engineering challenges. We enable our customers to
interpret the world around us by intelligently bridging the physical and
digital with unmatched technologies that sense, measure, power, connect
and interpret. Visit http://www.analog.com.
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Source: Analog Devices, Inc.
Analog Devices, Inc.
Mr. Michael Lucarelli, 781-461-3282
Director of Investor Relations