Analog Devices

Analog Devices is a leading designer of analog and mixed-signal semiconductors, chips that translate real-world signals such as temperature, sound and pressure into digital data. Its components are embedded across industrial equipment, automobiles, communications infrastructure and healthcare devices, markets that value long product lifecycles and reward deep engineering expertise. Analog Devices has raised its dividend for over two decades, funded by high margins and strong free cash flow typical of the analog chip segment. The yield is low but the growth in the payout has been dependable through semiconductor cycles. The stock offers a combination of secular growth and a reliably rising, if modest, dividend, appealing to patient long-term investors.