Ti Increases Quarterly Dividend From $1.24 Per Share To $1.30
Portfolio Pulse from Benzinga Newsdesk
Texas Instruments Incorporated (NASDAQ:TXN) announced a 5% increase in its quarterly cash dividend from $1.24 per share to $1.30, or $5.20 annualized. The higher dividend will be payable on November 14, 2023, to stockholders of record on October 31, 2023. This marks 20 consecutive years of dividend increases for the company.
September 21, 2023 | 8:02 pm
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POSITIVE IMPACT
Texas Instruments' decision to increase its dividend by 5% reflects its commitment to return all free cash flow to its owners over time. This could potentially attract more investors, leading to a positive impact on the stock price.
Dividend increases are generally seen as a positive signal by the market, indicating a company's confidence in its future earnings. This could attract more investors to the stock, potentially leading to an increase in demand and a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
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