Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits used in industrial, communication, computer, and consumer applications. Its products are used in communications applications that include wireless handsets and wireless base stations, as well as products used for high-speed access to the Internet, including central office networking equipment.
ADI is not a dividend achiever and has started paying dividends since last 5 years only. The most recent dividend increase was in May 2008. I am impressed by ADI’s strong balance sheet and free cash flow. My objective here is to analyze if ADI has any potential to be a good dividend growth stock and how does it rate on my scale of risk-to-dividends.
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