Analog Devices Boosts Buyback by $10 Billion, Increases Dividend
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Analog Devices Inc. increased its stock repurchase program by $10 billion and raised its dividend, moving to reward shareholders ahead of the chipmaker’s quarterly report on Wednesday.
The buyback plans will bring the total size of the program to $11.5 billion, the company said in a statement Tuesday. Its quarterly dividend, meanwhile, will grow 8% to 99 cents a share.