Texas Instruments (TXN) Raises Quarterly Dividend 13.3% to $0.34; 2.8% Yield

Texas Instruments (NASDAQ: TXN) declared a quarterly dividend of $0.34 per share, or $1.36 annualized. This is a 13.3% increase from the prior dividend of $0.30.

The dividend will be payable on November 17, 2014, to stockholders of record on October 31, 2014, with an ex-dividend date of October 29, 2014.

The annual yield on the dividend is 2.8 percent.

This dividend increase is a continuing outgrowth of TI's capital management strategy. With its focus on analog and embedded processing semiconductors and their lower capital needs, TI's business model allows the company to consistently generate cash and return it to shareholders through both dividends and share repurchases.

TI has a strong history of returning cash to its shareholders. The company has increased the dividend every year for the past 11 years, and its share repurchases have reduced its outstanding share count by 38 percent since the beginning of 2005.

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

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