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Analog Devices board OKs 12.5% dividend increase

Claudia Assis

Analog Devices Inc. said late Tuesday its board of directors has voted to increase the company's quarterly dividend to 54 cents a share, an increase of 12.5% and the 16th dividend increase in the last 15 years for the company. The increase is effective with the dividend payable on March 12 to shareholders of record on March 1, the company said. Shares of Analog Devices rose 0.4% in the extended session after ending the regular trading day down 1.4%.