On September 21, 2023, Texas Instruments Incorporated (TXN) announced that it will raise its quarterly dividend by 4.8 percent to $1.30 per share. This marks 20 consecutive years of dividend growth by the semiconductor company and follows a dividend hike of 7.8 percent to $1.24 per share in 2022.
The higher TXN dividend will be payable November 14, 2023, to stockholders of record on October 31, 2023, contingent upon formal declaration by the board of directors at its regular meeting in October. The next ex-dividend date for TXN is October 30, 2023. At a stock price of $160.90 the dividend yield for TXN is 3.23%.
The increase is consistent with TI's long-term objective for dividends by providing a sustainable and growing dividend and reflects the company's continued commitment to return all free cash flow to its owners over time.
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.