TI to Return More Cash to Owners

Texas Instruments Incorporated (TI) said it will raise its quarterly cash dividend 8%, from $1.15 per share to $1.24, or $4.96 annualized. The higher dividend will be payable Nov. 15, 2022, to stockholders of record on Oct. 31, 2022, contingent upon formal declaration by the board of directors at its regular meeting in October.

The board of directors also authorized the company to repurchase an additional $15 billion of its common stock over time. This is in addition to approximately $8.2 billion of previously authorized repurchases that remained at the end of June 2022.
Dividend increases and share repurchases are integral pieces of TI’s disciplined approach to capital management and reflect the company’s continued strength in free cash flow generation and its commitment to return all free cash flow to its owners over time.

TI has a proven track record of returning cash to its owners. This announcement marks 19 consecutive years of dividend increases. In addition, as of second quarter 2022, the company has reduced its outstanding shares by 47% through its share repurchases since the end of 2004.