Analog Devices: dividend increase and share buybacks

(CercleFinance.com) - In conjunction with the publication of its quarterly results, Analog Devices reports that its Board of Directors has voted to increase its quarterly dividend by 8% to $0.
99 per share, marking its 21st consecutive year of increases.

In addition, the Board has authorized the semiconductor manufacturer to repurchase an additional $10 billion worth of its shares, bringing the total available for share buybacks to around $11.5 billion.

Analog Devices' resilient business model and track record of profitable growth enable us to return 100% of free cash flow to shareholders over the long term," comments CEO Vincent Roche.

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