Analog Devices Raises Quarterly Dividend by 8% and Increases Share Repurchase Authorization by $10 Billion
Rhea-AI Summary
Analog Devices (ADI) has announced two significant shareholder-focused initiatives: an 8% increase in its quarterly dividend to $0.99 per share and a $10 billion expansion of its share repurchase authorization, bringing the total buyback capacity to $11.5 billion.
This marks ADI's twenty-first consecutive year of dividend increases, with historical dividend payments exceeding $13 billion and share repurchases totaling approximately $16 billion over this period. The company maintains its commitment to returning 100% of free cash flow to shareholders while continuing investments in product development, manufacturing, and customer service.
The increased dividend will be payable on March 17, 2025, to shareholders of record as of March 4, 2025.
Positive
- 8% increase in quarterly dividend to $0.99 per share
- New $10 billion share repurchase authorization, total authorization now $11.5 billion
- 21 consecutive years of dividend increases
- 100% of free cash flow returned to shareholders
- Strong track record with $13 billion in dividends and $16 billion in buybacks historically
Negative
- None.
News Market Reaction
On the day this news was published, ADI gained 9.74%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"ADI's resilient business model and track record of delivering profitable growth enables our return of
The dividend increase is effective with the dividend payable on March 17, 2025, to shareholders of record as of the close of business on March 4, 2025.
About Analog Devices, Inc.
Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, and software technologies into solutions that help drive advancements in digitized factories, mobility, and digital healthcare, combat climate change, and reliably connect humans and the world. With revenue of more than
Forward Looking Statements
This press release contains forward-looking statements regarding, among other things, the timing and amount of cash dividends and share repurchases, return of free cash flow, reinvesting in our business, delivering value to shareholders and our financial position in the future. Statements that are not historical facts, including statements about our beliefs, plans and expectations, are forward-looking statements. Such statements are based on our current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: economic, political, legal and regulatory uncertainty or conflicts; changes in demand for semiconductor products; manufacturing delays, product and raw materials availability and supply chain disruptions; products that may be diverted from our authorized distribution channels; changes in export classifications, import and export regulations or duties and tariffs; our development of technologies and research and development investments; our future liquidity, capital needs and capital expenditures; our ability to compete successfully in the markets in which we operate; our ability to recruit and retain key personnel; risks related to acquisitions or other strategic transactions; security breaches or other cyber incidents; risks related to the use of artificial intelligence in our business operations, products, and services; adverse results in litigation matters; reputational damage; changes in our estimates of our expected tax rates based on current tax law; risks related to our indebtedness; the discretion of our Board of Directors to declare dividends and our ability to pay dividends in the future; factors impacting our ability to repurchase shares; and uncertainty as to the long-term value of our common stock. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission ("SEC"), including the risk factors contained in our most recent Annual Report on Form 10-K. Forward-looking statements represent management's current expectations and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances.
Contact
Michael Lucarelli
Vice President, Investor Relations
Analog Devices, Inc.
781-461-3282
investor.relations@analog.com
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SOURCE Analog Devices, Inc.
FAQ
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