Analog Devices Increases Quarterly Dividend by 8%, Share Repurchases Authorization by $10 Billion

MT Newswires Live

02/19

Analog Devices (ADI) said Tuesday its board has increased the company's quarterly dividend by 8% to $0.99 per common share.

The latest dividend will be paid March 17 to shareholders of record on March 4.

The board also authorized the company to repurchase an additional $10 million of its common stock, bringing the total remaining share repurchase authorization to about $11.5 billion.

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