Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) announced a quarterly dividend on Tuesday, August 18th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 1.10 per share by the semiconductor company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 1st.
Analog Devices has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 23 consecutive years. Analog Devices has a payout ratio of 49.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Analog Devices to earn $16.31 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 27.0%.
Analog Devices Stock Down 3.4%
NASDAQ:ADI opened at $361.78 on Friday. The stock has a 50-day simple moving average of $382.77 and a 200 day simple moving average of $372.95. Analog Devices has a 52-week low of $223.47 and a 52-week high of $445.91. The company has a market cap of $175.31 billion, a PE ratio of 42.92, a PEG ratio of 0.74 and a beta of 1.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25.
About Analog Devices
Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.
The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.
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