Chipmaker’s dividend jumps 24%

Article Excerpt

TEXAS INSTRUMENTS INC. $96 (Nasdaq symbol TXN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 990.0 million; Market cap: $95.0 billion; Price-to-sales ratio: 6.7; Dividend yield: 2.6%; TSINetwork Rating: Average; www.ti.com) is a leading maker of analog chips that convert inputs, such as touch, sound and pressure, into electronic signals that computers can understand. With the November 2017 payment, the company will raise its quarterly dividend by 24.0%, to $0.62 a share from $0.50. The new annual rate of $2.48 yields 2.6%. The company also added $6.0 billion to its share repurchase authorization. It can now buy back up to $10.6 billion of its shares. There are no time limits for these purchases. Texas Instruments is a buy. buy…