The acquisiton of Maxim Integrated Products (MXIM) by Analog Devices (ADI) has been completed, ending the stock market listing of MXIM. Under the terms of the definitive agreement, Maxim stockholders received 0.63 of a share of ADI common stock for each share of Maxim common stock. In July 2020 ADI originally announced the $20.9 billion acquisition based on a stock price of $78.435 for MXIM and $124.5 for ADI with ADI offering 0.63 commen shares per Maxim share.
Maxim Integrated last raised its quarterly dividend by 4.3 percent to 48 cents quarterly in 2019 and had a track record of 18 consecutive years of dividend increases. ADI also hiked its dividend for the 18th straight year in 2021.
Maxim Integrated Products, Inc. develops innovative analog and mixed-signal products and technologies to make systems smaller and smarter, with enhanced security and increased energy efficiency. The company's products are used by customers in the automotive, industrial, healthcare, mobile consumer, and cloud data center markets. Maxim Integrated Products has paid a dividend every year since 2002.