Texas Instruments hikes dividend 13%, more than half of free cashflow paid to stockholders

0 1


Texas Instruments Inc. said late Wednesday its board hiked the chip maker’s dividend by 13%, after announcing it has returned more than half of its free cashflow to shareholders over the past year.

The $1.15 a share quarterly dividend, up from a previous $1.02 a share, will be payable to shareholders of record as of Nov. 1 on Nov. 15. The increase, however, is “contingent upon formal declaration by the board of directors at its regular meeting in October,” Texas Instruments TXN said.

The…



Source link

Leave A Reply

Your email address will not be published.