Analysis – Linear Technology Corp. Increases Dividend by 11%

LLTC

Linear Technology Corporation announced a regular quarterly dividend of $0.30 per share, an 11 percent increase from the prior rate of $0.27 per share.  The dividend will be paid at the new higher rate on February 25, 2015 to shareholders of record at close of business on February 13, 2015.

Date Quarterly Dividend
2/13/2015 0.3
11/12/2014 0.27
8/13/2014 0.27
5/14/2014 0.27
2/12/2014 0.27
11/13/2013 0.26
8/14/2013 0.26
5/15/2013 0.26
12/13/2012 0.26
11/14/2012 0.25
8/15/2012 0.25
5/16/2012 0.25
2/15/2012 0.25
11/16/2011 0.24
8/17/2011 0.24
5/18/2011 0.24
2/16/2011 0.24
11/9/2010 0.23
8/11/2010 0.23
5/12/2010 0.23
2/10/2010 0.23

Analysis of Valuation of Linear Technology (Symbol LLTC).

Linear Technology is trading below its average price/sale (P/S) range. Linear Technology is trading below its average dividend yield range.

Price 1/15/15 % Yield 5 Year Div. Growth Rate SPS 2015 P/S  Ratio 10 yr P/S  Low 10 yr P/S  High 5 yr max Yield % 5 yr lowest Yield %
44.84 2.4% 4.0 6.20 7.35 3.33 17.21 3.2% 2.3%

Linear Technology Dividend Yield Chart (Click to enlarge)

LLTC

Explanation:  Dividend growth stocks may be valued upon historical relative price/sales and current yield analysis. Dividend stocks trading at a low historical price/sales (P/S) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/S ratio stocks.  Max P/S price target is based upon company reaching its highest historical P/S ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years.

Further information on evaluating dividend growth candidates can be found

at http://seekingalpha.com/author/timothy-mcintosh/articles

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