Texas Instruments raises quarterly dividend 4% to $1.42 from $1.36 per share

Texas Instruments (TXN) said it will raise its quarterly cash dividend 4%, from $1.36 per share to $1.42, or $5.68 annualized. The higher dividend will be payable November 12 to stockholders of record on October 31, contingent upon formal declaration by the board of directors at its regular meeting in October. The increase is consistent with TI’s long-term objective for dividends by providing a sustainable and growing dividend and reflects the company’s continued commitment to return all free cash flow to its owners over time. This announcement marks 22 consecutive years of dividend increases.