Share Name Share Symbol Market Type
Texas Instruments Incorporated NASDAQ:TXN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -$1.28 -1.29% $98.26 $97.61 $98.26 $100.42 $97.30 $99.15 10,492,546 01:00:00

Texas Instruments Raises Dividend, Announces New Share Buyback

20/09/2018 9:48pm

Dow Jones News


Texas Instruments (NASDAQ:TXN)
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2 Months : From Aug 2018 to Oct 2018

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   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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