Irish arm of Analog Devices pays out $1.5bn dividend as turnover soars

Tech company reported increased profits and revenues in 2021

After tax, Analog Ireland reported profits of $373 million, newly filed accounts show. Picture: Brian Gavin

The main Irish arm of Analog Devices, the global technology company, paid out dividends of nearly $1.5 billion (€1.44 billion) last year.

Accounts filed by Analog Devices International, which is headquartered in Limerick, show turnover at the business reached $6.2 billion in 2021 – a 30 per cent increase on the figure of $4.8 billion posted by the firm the previous year.

After tax, the company reported profits of $373 million, the accounts show. In ...