10 Best Consistent Dividend Stocks To Invest In Right Now

2. Analog Devices, Inc. (NASDAQ:ADI)

Number of Hedge Fund Holders: 63

Analog Devices, Inc. (NASDAQ:ADI) is a semiconductor manufacturing company that specializes in integrated circuits and systems. It delivered strong earnings for fiscal Q4 2024. The company reported quarterly revenue of $2.44 billion, which, despite a year-over-year decline of more than 10%, surpassed analysts’ expectations by over $37.65 million. Its operating margins stayed above 40%, demonstrating the robustness of its business model. The company also continued to prioritize strategic, long-term investments in areas like engineering, manufacturing, and improving the customer experience.

Analog Devices, Inc. (NASDAQ:ADI) serves a diverse range of industries, such as industrial, automotive, communications, and consumer applications. With a strong focus on innovation, it dedicates substantial resources to research and development to maintain its technological edge. Its strategy revolves around a customer-first approach, expanding into new markets through acquisitions, and retaining a leadership position in analog solutions. The stock is up by nearly 13% since the start of 2024.

Analog Devices, Inc. (NASDAQ:ADI) has a solid cash position, making it a reliable dividend payer. In FY24, the company generated $3.9 billion in operating cash flow and $3.1 billion in free cash flow. It returned $2.4 billion to shareholders during the year, including $1.8 billion in dividends. The company has increased its dividend payouts for 20 consecutive years. It pays a quarterly dividend of $0.92 per share, offering a dividend yield of 1.69%, as of December 4.

As of the end of Q3 2024, 63 hedge funds in Insider Monkey’s database owned stakes in Analog Devices, Inc. (NASDAQ:ADI), down from 64 in the previous quarter. These stakes are worth over $4.4 billion in total. First Eagle Investment Management owned the largest stake in the company, worth $877 million.