Summary
Analog Devices, Inc. (ADI) filed an 8-K report on February 16, 2016, detailing significant financial and shareholder-return actions. The report announced the company's financial results for its fiscal first quarter ended January 30, 2016, as well as an increase in its quarterly cash dividend and a substantial expansion of its share repurchase authorization. These announcements signal management's confidence in the company's financial health and commitment to returning value to shareholders.
Key Highlights
- 1ADI reported its financial results for the fiscal first quarter ended January 30, 2016.
- 2The company's Board of Directors declared a quarterly cash dividend of $0.42 per share, an increase from the previous $0.40 per share.
- 3The new dividend payment date is March 8, 2016, with a record date of February 26, 2016.
- 4ADI's Board of Directors approved a $600 million increase to its share repurchase authorization.
- 5The total share repurchase authorization now stands at $1 billion.
- 6The report includes press releases detailing these financial results and shareholder return actions.