19 years of rising dividends

Article Excerpt

TEXAS INSTRUMENTS INC. $163 is a buy. The company (Nasdaq symbol TXN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 923.6 million; Market cap: $150.5 billion; Price-to-sales ratio: 7.7; Dividend yield: 3.0%; TSINetwork Rating: Average; www.ti.com) is a top maker of analog chips, which convert inputs like touch, sound and pressure into electronic signals that computers can understand. Starting with the November 2022 payment, investors will get a 7.8% boost to their quarterly dividend. It rises to $1.24 a share from $1.15. The new annual rate of $4.96 yields 3.0%. The company has now raised the annual dividend rate each year for the past 19 years. Texas Instruments has also added $15 billion to its common share repurchase authorization. If you include the $8.2 billion remaining under its previous authorization, it can now buy back up to $23.3 billion of its shares. That’s equal to 15% of its market cap. There are no time limits for those repurchases. Texas Instruments is a buy. buy…