Texas Instruments (TXN) Raises Quarterly Dividend 24.2% to $0.77, 2.8% Yield; Boosts Share Buyback to $19B (from $7B)

Texas Instruments (NASDAQ: TXN) declared a quarterly dividend of $0.77 per share, or $3.08 annualized. This is a 24.2% increase from the prior dividend of $0.62.

The dividend will be payable on November 19, 2018, to stockholders of record on October 31, 2018, with an ex-dividend date of October 30, 2018.

The annual yield on the dividend is 2.8 percent.

Share Buyback

The board of directors also authorized the company to repurchase an additional $12 billion of its common stock over time. This is in addition to approximately $7.4 billion of previously authorized repurchases that remained at the end of June 2018.

Dividend increases and share repurchases are integral pieces of TI's capital management strategy, reflecting the company's continued strength in free cash flow generation and its commitment to return excess cash to stockholders. In the 12-month period ending June 2018, TI has paid 41 percent of its free cash flow in dividends. Today's announcement marks 15 consecutive years of dividend increases. As of second quarter 2018, the company has reduced its outstanding shares by 43 percent through its consistent share repurchases since the end of 2004.

For a dividend history and other dividend-related data on Texas Instruments (TXN) click here.

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