NORWOOD, Mass.--(BUSINESS WIRE)--
Devices, Inc. (Nasdaq: ADI)
today announced that its Board of Directors has voted to increase its
quarterly dividend to $0.48 per outstanding share of common stock. The
new dividend rate represents an increase of 7 percent, marking the
Company's 15th dividend increase in the last 14 years.
"The cash generation capability of our business has enabled us to pay
our shareholders a dividend every quarter since December 2003," said
Vincent Roche, President and CEO. "During that time, the Company has
returned a total of nearly $4.5 billion in dividends to shareholders
showing our strong commitment to shareholder returns."
The increase is effective with the dividend payable on March 20, 2018 to
shareholders of record as of the close of business on March 9, 2018. 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 the 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180227006678/en/
Analog Devices, Inc.
Mr. Michael Lucarelli, 781-461-3282
Senior Manager of Investor Relations
Source: Analog Devices, Inc.
News Provided by Acquire Media