The Dynamic Dividend

Analog Devices Ups Dividend, Lifting Yield Over 3%

Analog Devices (ADI) declared a quarterly dividend of $0.30 per share after today’s closing bell, which is a 20% increase over its last three payouts and a 36% improvement over the dividend the company paid during the same period last year.

The move sets up 2012 to be the ninth consecutive year of dividend growth by the maker of integrated circuits. Analog Devices, which raised its payout by 14% just nine months ago, has improved its dividend output every year since it began returning cash to shareholders in 2003.

Shares of ADI closed today’s session trading at $39.82, where they now yield 3.01%. The stock was up more than 10% already this year, but it’s currently trading lower in extended action.