Irish arm of Analog Devices pays out over €5bn in dividends

Vincent Roche, CEO and chairman of Analog Devices

The main Irish arm of the semi­conductor manufacturer Analog Devices paid out combined dividends of $5.42bn (€4.67bn) this year and in 2024.

New accounts show the Limerick-­based company, whose CEO is Vincent Roche, paid the dividends even as profits decreased by 72pc to $487.78m in the 12 months to the end of November 2 last year.

The drop in profits arose mainly from non-cash amortisation costs rising from $2.04bn to $2.73bn.

Revenues at the firm increased by 4pc, from $8.18bn to $8.55bn, during the 12-month period.

In May 2023, the firm announced plans to build a €630m facility in Co Limerick, adding 600 jobs to its Irish workforce. The investment at its European regional

See Full Page