Analog Devices Lifts Dividend 7%
By Ben Glickman
Analog Devices on Tuesday raised its quarterly dividend by 7%, which the company said was a sign of its strong cash flow.
The Wilmington, Mass.-based semiconductor company declared a dividend of 92 cents a share, compared with a previous payout of 86 cents a share.
The new dividend, equal to $3.68 a year, represents an annual yield of 1.9% based on the Tuesday closing price of $189.40.
Analog said that the raise marked its 20th consecutive year lifting its dividend.
Chief Executive Vincent Roche said that Analog's dividend record was "a testament to ADI's enduring business qualities which have enabled positive free cash flow generation for 27 consecutive years."
The dividend is payable March 15 to shareholders of record as of the close of business March 5.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
February 20, 2024 18:14 ET (23:14 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks