Analog Devices (ADI) will raise its quarterly dividend by 7.1 percent to $0.45 per share.The increase is effective with the dividend payable on March 7, 2017 to shareholders of record as of the close of business on February 24, 2017.

“ADI’s dividend program is a foundational component of our shareholder value creation strategy and highlights the stellar cash generation capabilities of our franchise,” said Vincent Roche, President and CEO. “We are proud of our 13 year history of being a dividend paying company, one of the longest records in our industry.”

Since the first dividend was paid in December 2003, the Company has returned a total of $4 billion in dividends to shareholders.

Analog Devices, Inc. is a global high-performance analog technology company. Analog Devices designs, manufactures, and markets a broad portfolio of solutions, including integrated circuits (ICs), algorithms, software, and subsystems that leverage high-performance analog, mixed-signal, and digital signal processing technologies. The company focuses on key strategic markets such as industrial, automotive, consumer, and communications. Analog Devices went public in 1979 and initiated a quarterly dividend in 2003.