Analog Devices (ADI) announced on February 15, 2022 that it will raise its quarterly dividend by 10.1 percent to $0.76 per share in the first quarter. This comes after a dividend hike of 11.3 percent to 69 cents per share in 2021 and at the same time marks ADI's 19th consecutive year of dividend increases by the semiconductor company.

The next ADI dividend is payable on March 8, 2022 to shareholders of record as of the close of business on February 25, 2022. A new annual rate of $3.04 per share yields 1.9% at a stock price of $159. ADI will now pay shareholders a total estimated dividend of $1.63 billion. The next ex-dividend date for ADI shares is February 24, 2022.

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.