Texas Instruments Raises Dividend 7%

Chip manufacturer Texas Instruments announced today its third-quarter dividend of $0.30 per share, a 7% increase over the payout made to investors last quarter of $0.28 per share. The announcement of the new, higher dividend payment was made last month.

The board of directors said the quarterly dividend is payable on Nov. 18 to the holders of record at the close of business on Oct. 31. The regular dividend payment equates to a $0.30-per-share annual dividend, yielding 3% based on the closing price today of Texas Instrument's stock.

TXN Dividend Chart

TXN Dividend data by YCharts

The article Texas Instruments Raises Dividend 7% originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Increase your money and finance knowledge from home

Professional Vs Do it Yourself Investing

Should you get advice or DYI?

View Course »

What is Short Selling?

Make a profit when stocks prices fall.

View Course »

Add a Comment

*0 / 3000 Character Maximum