Texas Instruments Cranks Dividend Higher

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Texas Instruments (NASDAQ: TXN  ) has made good on its ambition to increase its quarterly payout. The company's board approved a proposal to lift the dividend to $0.28 per share, payable on May 20 to shareholders of record as of April 30. The new amount represents an increase of 33% over the previous $0.21, which was paid in each of the preceding two quarters. Prior to that, the firm handed out $0.17 per share.

Texas Instruments habitually pays a dividend. Since 2000, that distribution has risen steadily from $0.0213 per share to the current level.

The new dividend annualizes to $1.12 per share. That yields 3.3% at Texas Instruments' most recent closing stock price of $34.21.

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Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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Related Tickers

3/30/2015 3:59 PM
TXN $58.00 Up +1.24 +2.18%
Texas Instruments,… CAPS Rating: ****