Texas Instruments Raises Dividend, Announces New Share Buyback
September 20 2018 - 3:48PM
Dow Jones News
By Stephen Nakrosis
Texas Instruments Inc. (TXN) said Thursday it is raising its
quarterly cash dividend by 24%, from $0.62 per share to $0.77, or
$3.08 annualized.
The company also announced its board of directors authorized the
repurchase of $12 billion of its common stock. The new buyback is
in addition to approximately $7.4 billion of previously authorized
repurchases that remained at the end of June 2018.
Texas Instruments said dividend increases and share repurchases
are integral pieces of their capital management strategy, and
reflect the company's continued strength in free cash flow
generation and its commitment to return excess cash to
stockholders.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
September 20, 2018 16:33 ET (20:33 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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