Analog Devices raises quarterly dividend 13% to 86c per share

Analog Devices announced that its Board of Directors has voted to increase its quarterly dividend from 76c per outstanding share of common stock to 86c, which represents an increase of 13% and is the equivalent of $3.44 annually. "Our highly profitable business model has proven resilient throughout dynamic macro environments, generating positive free cash flow for 26 consecutive years," said Vincent Roche, CEO and Chair. "We target returning 100% of free cash flow to shareholders through both dividend payments and share repurchases, and we have returned more than $12 billion to shareholders in the last five years. Over the long-term, we are committed to reinvesting in our business, while delivering significant value to shareholders." The increase is effective with the dividend payable on March 8, 2023, to shareholders of record as of the close of business on February 27, 2023.