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TI Returns More Cash to Shareholders with 7 Percent Dividend Increase

TI has raised its quarterly dividend 43 percent in 2013

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Texas Instruments (TI) said it will increase its quarterly cash dividend by 7%, from $0.28 per share to $0.30, or $1.20 annualized. The higher dividend will be payable Nov. 18, 2013, to stockholders of record on Oct. 31, 2013, contingent upon formal declaration by the Board of Directors at its regular meeting in October.

This latest dividend increase – the second in 2013 – is an outgrowth of TI’s capital management strategy. TI’s business model, with its focus on analog and embedded processing semiconductors, allows the company to consistently generate cash and to return cash to shareholders through a combination of dividends and share repurchases. In total, TI has raised its quarterly dividend 43% in 2013.

TI has a proven track record of returning cash to its shareholders. Over the past 10 years, the company has increased the dividend every year, and its share repurchases have reduced its outstanding share count by 36% at an average price per share of less than $30.

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