On September 15, 2022, Texas Instruments Incorporated (TXN) announced that it will raise its quarterly dividend by 7.8 percent to $1.24 per share. This marks 19 consecutive years of dividend growth by the semiconductor company and follows a dividend hike of 12.7 percent to $1.15 per share in 2021.
The higher TXN dividend will be payable November 15, 2022, to stockholders of record on October 31, 2022, contingent upon formal declaration by the board of directors at its regular meeting in October. The board of directors also authorized the company to repurchase an additional $15 billion of its common stock over time. This is in addition to approximately $8.2 billion of previously authorized repurchases that remained at the end of June 2022.
|Texas Instruments (TXN) Dividend history & statistics|
|Company name||Texas Instruments Inc|
|Dividend paid since||1962|
|Track record (years increased)||19|
|Payment Frequency||Quarterly dividend|
|Dividend growth: 5 year average||14.9%|
|Next dividend per share||$1.24|
|Annual dividend per share||$4.96|
|YTD Total Return*||-12.0%|
|Next ex-dividend date||October 28, 2022|
|Next payment date||November 15, 2022|
|Market cap (in $B)*||148.63|
|Total dividend (in $B)||4.53|
|© www.dividendhike.com||*As of September 15, 2022|
A new annual dividend rate of $4.96 per share yields 3.0% to TXN shareholders at a stock price of $163. The next ex-dividend date for the increased quarterly dividend of $1.24 per share is October 28, 2022.
Texas Instruments Incorporated (TI) is a global semiconductor design and manufacturing company that develops analog ICs and embedded processors. The company's Analog segment's product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA). The company's Embedded Processing segment's product line includes Processor, Microcontrollers and Connectivity. Texas Instruments has paid uninterrupted dividends to its shareholders since it declared its first dividend in April 1962.