Analog Devices (ADI) Declares $0.86 Dividend
Analog Devices said on August 23, 2023 that its board of directors declared a regular quarterly dividend of $0.86 per share ($3.44 annualized). Previously, the company paid $0.86 per share.
Shareholders of record as of September 5, 2023 will receive the payment on September 14, 2023.
At the current share price of $181.57 / share, the stock's dividend yield is 1.89%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.92%, the lowest has been 1.49%, and the highest has been 2.98%. The standard deviation of yields is 0.24 (n=236).
The current dividend yield is 0.12 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.46. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is 0.39%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 2673 funds or institutions reporting positions in Analog Devices. This is an increase of 11 owner(s) or 0.41% in the last quarter. Average portfolio weight of all funds dedicated to ADI is 0.56%, a decrease of 6.70%. Total shares owned by institutions decreased in the last three months by 0.19% to 509,818K shares. 
The put/call ratio of ADI is 1.20, indicating a bearish outlook.
Analyst Price Forecast Suggests 12.63% Upside
As of August 31, 2023, the average one-year price target for Analog Devices is 204.50. The forecasts range from a low of 176.75 to a high of $231.00. The average price target represents an increase of 12.63% from its latest reported closing price of 181.57.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Analog Devices is 12,304MM, a decrease of 4.15%. The projected annual non-GAAP EPS is 9.88.
What are Other Shareholders Doing?
Jpmorgan Chase holds 19,864K shares representing 3.99% ownership of the company. In it's prior filing, the firm reported owning 20,242K shares, representing a decrease of 1.91%. The firm increased its portfolio allocation in ADI by 588.59% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 15,629K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 15,660K shares, representing a decrease of 0.20%. The firm decreased its portfolio allocation in ADI by 9.05% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 12,044K shares representing 2.42% ownership of the company. In it's prior filing, the firm reported owning 11,827K shares, representing an increase of 1.80%. The firm decreased its portfolio allocation in ADI by 8.90% over the last quarter.
Massachusetts Financial Services holds 11,371K shares representing 2.28% ownership of the company. In it's prior filing, the firm reported owning 9,295K shares, representing an increase of 18.26%. The firm increased its portfolio allocation in ADI by 16.38% over the last quarter.
Geode Capital Management holds 9,594K shares representing 1.93% ownership of the company. In it's prior filing, the firm reported owning 9,394K shares, representing an increase of 2.09%. The firm decreased its portfolio allocation in ADI by 8.75% over the last quarter.
Analog Devices Background Information
(This description is provided by the company.)
Analog Devices is a leading global high-performance analog technology company dedicated to solving the toughest engineering challenges. The company enables its customers to interpret the world around us by intelligently bridging the physical and digital with unmatched technologies that sense, measure, power, connect and interpret.
Additional reading:
- Results Summary(1) (in millions, except per-share amounts and percentages) Three Months Ended Jul. 29, 2023 Jul. 30, 2022 Change Revenue $ 3,076 $ 3,110 (1) % Gross margin $ 1,962 $ 2,043 (4) % Gross margin percentage 63.8 % 65.7 % (190 bps) Operatin
- Amendment No. 2 to Third Amended and Restated Credit Agreement, dated as of July 24, 2023, among the Company, each lender party thereto, and Bank of America, N.A., as Administrative Agent.
- Statement of Eligibility of The Bank of New York Mellon Trust Company, N.A., as trustee, on Form T-1.
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