Analog Devices (ADI) will raise its quarterly dividend by 14.8 percent to $0.62 per share in Q1 of 2020. This will mark the 17th consecutive year of dividend increases by the semiconductor company.
 

The next dividend is payable on March 10, 2020 to shareholders of record as of the close of business on February 28, 2020. A new annual rate of $2.48 per share yields 2.1% at a stock price of $124.28.

"Our robust cash flow generation places us in the top 10% of companies in the S&P 500 and we are committed to returning 100% of our free cash flow to shareholders after debt repayments,” said Vincent Roche, President and CEO in the company's press release announcing today's dividend hike. “I am confident that we are well positioned to drive sustained growth over the long-term due to our leading-edge technology and diverse business across customers, products and applications.”

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.