Linear Technology increases dividend for 25th consecutive year

Linear Technology (LLTC) will hike its dividend by 3.1%.

Linear Technology, a manufacturer of high performance linear integrated circuits, will raise its quarterly dividend to $0.33 per share, marking the 25th consecutive year with an annual dividend increase.

The increased cash dividend of $0.33 per share will be paid on March 7, 2017 to stockholders of record on February 24, 2017. The new dividend yield for Linear Technology is 2.1%.

Linear Technology Corporation designs, manufactures and markets a line of analog integrated circuits. Last year the dividend was raised by 6.7%. The 25 year track record is rare for a tech company, with many well known names in the sector starting their dividend payments much later.