Analog Devices (ADI) Boosts Dividend and Expands $10B Stock Buyback

Analog Devices Inc. (NASDAQ: ADI) has raised its quarterly dividend by 8% to $0.99 per share, marking its 21st consecutive annual increase. The dividend is payable on March 17 to shareholders of record as of March 4.

The semiconductor giant also authorized an additional $10 billion in share repurchases, bringing its total buyback authorization to approximately $11.5 billion. Stock repurchases may be executed through open-market transactions or privately negotiated deals, with timing and volume at management’s discretion.

CEO Vincent Roche emphasized ADI’s commitment to delivering long-term shareholder value, citing the company’s ability to return 100% of free cash flow while maintaining growth investments. Over the past 21 years, ADI has distributed over $13 billion in dividends and repurchased roughly $16 billion in stock.

This move underscores ADI’s confidence in its financial stability, cash flow strength, and growth trajectory, reinforcing its position as a leader in the semiconductor industry.