Texas Instruments keeps dividend streak alive

2024 dividend increase of 4.6% is smallest by TXN in decades

On September 19, 2024, Texas Instruments Incorporated (TXN) announced that it will raise its quarterly dividend by 4.6 percent to $1.36 per share. This marks 21 consecutive years of dividend growth by the semiconductor company and follows a dividend hike of 4.8 percent to $1.30 per share in 2023. 

For TXN this is the smallest dividend hike in at least the last two decades. The semiconductor maker last hiked the dividend by double digits in 2021. At a stock price of $206.57 the dividend yield is 2.6%.

The company now pays an estimated $5 billion in dividends to shareholders annually. The total dividend growth in the last 10 years is a whopping 300% for Texas Instruments with most of that growth coming from the years 2016, 2017 and 2018 with 24% minimum hikes every year.

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.

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