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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Analog Devices Inc | NASDAQ:ADI | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 237.72 | 237.72 | 239.30 | 0 | 01:00:00 |
From Jul 2022 to Jul 2024
By Stephen Nakrosis
Analog Devices Inc. said Tuesday its board approved a 13% increase to the company's quarterly dividend.
The new dividend of 86 cents per share will be payable on March 8 to shareholders of record at the close of business on Feb. 27, the company said.
The latest increase marks the company's 20th increase in the last 19 years, it said.
Vincent Roche, the semiconductor company's chief executive and chair, said "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."
Analog Devices last raised its dividend, to 76 cents, in Feb. of last year.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
February 14, 2023 17:59 ET (22:59 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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