Texas Instruments hikes dividend by 7%

|About: Texas Instruments Inc. (TXN)|By:, SA News Editor

Texas Instruments (TXN) has raised its quarterly dividend to $0.30/share from a prior $0.28/share. That gives the chipmaker a yield of 2.9%. (PR)

TI's next dividend is payable on Nov. 18 to shareholders on record as of Oct. 31.

TI hiked its dividend by 33% earlier this year, while simultaneously announcing a $5B buyback. At the time, the company expressed confidence in posting a long-term free cash flow margin of 20%-25%, and returning all of that money (minus debt payments) to shareholders.

Shares are nearly unchanged AH.