Texas Instruments (TXN) Raises Quarterly Dividend 31.6% to $0.50; 2.8% Yield
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TI reports 3Q16 financial results and shareholder returns, including 32% dividend increase
October 26, 2016 4:30 PM EDTDALLAS, Oct. 26, 2016 /PRNewswire/ --Â Texas Instruments Incorporated (TI) (NASDAQ: TXN) today reported third-quarter revenue of $3.68 billion, net income of $968 million and earnings per share of 94 cents.
TI also increased its quarterly dividend by 32 percent to 50 cents per share, or $2.00 annualized. The increase reflects TI's continued strength in free cash flow generation and its commitment to return excess cash to shareholders. The quarterly dividend was declared and will be payable November 21, 2016, to shareholders of record on November 7, 2016.Â
Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman,... More
