TI Continues to Return Cash to Shareholders with 13 Percent Dividend Increase

Texas Instruments Incorporated (TI) said it will raise its quarterly cash dividend by 13%, from $0.30 per share to $0.34, or $1.36 annualized. The higher dividend will be payable Nov. 17, 2014, to stockholders of record on Oct. 31, 2014, contingent upon formal declaration by the Board of Directors at its regular meeting in October.

This dividend increase is a continuing outgrowth of TI’s capital management strategy. With its focus on analog and embedded processing semiconductors and their lower capital needs, TI’s business model allows the company to consistently generate cash and return it to shareholders through both dividends and share repurchases.

TI has a strong history of returning cash to its shareholders. The company has increased the dividend every year for the past 11 years, and its share repurchases have reduced its outstanding share count by 38% since the beginning of 2005.