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

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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.


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