Chief executive officer Vincent Roche pointed to the company’s policy of returning 100% of its free cash flow to shareholders over the long term. — Reuters
NEW YORK: Analog Devices Inc has increased its stock repurchase programme by US$10bil and has raised its dividend, moving to reward shareholders ahead of the chipmaker’s quarterly report.
The buyback plans will bring the total size of the programme to US$11.5bil, the company said in a statement on Tuesday. Its quarterly dividend, meanwhile, will grow 8% to 99 US cents a share.
