Analog Devices Boosts Quarterly Dividend By 7% From $0.86 To $0.92 Per Share
Portfolio Pulse from Benzinga Newsdesk
Analog Devices has announced a 7% increase in its quarterly dividend, raising it from $0.86 to $0.92 per share, effective for the dividend payable on March 15, 2024, to shareholders of record as of March 5, 2024.
February 20, 2024 | 10:35 pm
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Analog Devices increases its quarterly dividend by 7% to $0.92 per share, effective March 15, 2024, for shareholders of record by March 5, 2024.
Dividend increases are typically viewed positively by the market as they signal confidence in the company's financial health and future prospects. For Analog Devices, this 7% increase in its quarterly dividend could attract income-focused investors and potentially lead to a short-term uptick in its stock price due to perceived financial stability and growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100