Analog Devices (ADI) DIvidends Date & History

Key Takeaways

• Analog Devices pays a quarterly dividend of $1.10 per share, for an annual total of $4.40 and a current yield near 1.21%.
• The company has raised its dividend for 22 consecutive years, demonstrating consistent growth.
• Payout ratio stands around 50-85% depending on the period, supported by strong free cash flow generation.
• Payments occur quarterly with recent ex-dividend dates including September 1, 2026.
• Yield is modest compared to high-yield sectors but aligns with typical semiconductor peers.
• Long-term dividend sustainability appears solid given positive free cash flow over decades.

Dividend Overview

Analog Devices (ADI) maintains a quarterly dividend policy with payments typically issued in March, June, September, and December. The current annual dividend totals $4.40 per share, resulting in a yield of approximately 1.21% based on recent share prices near $360-$375. This positions ADI as a modest-yield dividend stock focused on growth rather than high income. The company targets returning free cash flow to shareholders over the long term through dividends and buybacks, consistent with its capital allocation strategy in the semiconductor industry.

Dividend History and Growth

ADI has increased its dividend annually for 22 consecutive years. Recent hikes include an 11% rise to $1.10 per share effective March 2026. Annual payouts have grown steadily from $3.44 in 2023 to $3.68 in 2024 and $3.96 in 2025, reaching $4.40 annualized in 2026. The firm has paid dividends since the early 2000s with no cuts, reflecting a disciplined approach tied to its resilient business model and consistent free cash flow generation spanning nearly three decades.

Dividend Sustainability and Payout Ratio

The payout ratio for ADI has ranged from approximately 50% to 85% in recent periods, indicating reasonable coverage by earnings. Strong free cash flow supports dividend payments, with the company reporting positive free cash flow for 29 consecutive years. Debt levels remain manageable, and the semiconductor leader's focus on research and development investments underpins long-term earnings stability. Overall financial health suggests the dividend is sustainable, though ratios can fluctuate with cyclical industry conditions.

Dividend Compared to Industry Peers

Within the semiconductor sector, dividend yields for peers such as NXP Semiconductors, Microchip Technology, and ON Semiconductor typically range from low single digits to under 2%. ADI's yield near 1.21% falls in line with this group, emphasizing growth over high income. Many technology peers prioritize reinvestment, making ADI's 22-year growth streak a distinguishing factor among dividend-paying semiconductor firms.

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Is This Stock Attractive for Dividend Investors?

ADI may appeal to dividend growth investors seeking consistent annual increases over high current yields. Its 22-year streak and quarterly payments suit those prioritizing long-term compounding in a technology sector often associated with lower or no dividends. Conservative investors could view the modest yield and payout coverage as a balanced profile, while income-focused portfolios might find the return modest relative to utilities or consumer staples. The stock aligns with strategies emphasizing sustainability and modest growth rather than immediate high income, though sector cyclicality warrants ongoing monitoring of earnings and cash flow trends.

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