Texas Instruments Incorporated
TXN today said it will raise its quarterly cash dividend 24
percent. The new quarterly dividend will be $0.21 per share of common stock,
resulting in annual dividend payments of $0.84 per common share. The current
quarterly dividend is $0.17 per share.
"This dividend increase is a direct result of our strengthening portfolio and
our lower capital needs," said Rich Templeton, TI chairman, president and
chief executive officer. "As more of our revenue comes from Analog and
Embedded Processing, our cash flow from operations continues to improve. In
addition, our opportune purchases of manufacturing capacity have positioned us
well for growth while also allowing our capital spending levels to drop. This
means that we can return more cash to our shareholders."
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