Analog Devices has announced an 11.1% increase in its quarterly dividend, raising it from $0.99 to $1.10 per share, reflecting strong profitability and cash flow. The new dividend is payable on March 17, with a record and ex-dividend date of March 3. Analysts forecast a potential fall in ADI stock price, but Barclays upgraded its rating to Overweight, citing the company’s strong industrial exposure and an improving macro environment.
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Analog Devices Announces 11.1% Dividend Increase to $1.10
Analog Devices has announced an 11.1% increase in its quarterly dividend, raising it from $0.99 to $1.10 per share, reflecting strong profitability and cash flow. The new dividend is payable on March 17, with a record and ex-dividend date of March 3. Analysts forecast a potential fall in ADI stock price, but Barclays upgraded its rating to Overweight, citing the company’s strong industrial exposure and an improving macro environment.