Texas Instruments Incorporated (TXN) to Issue Quarterly Dividend of $1.52 on November 10th

Texas Instruments Incorporated (NASDAQ:TXN) declared a quarterly dividend on Thursday, September 17th. Investors of record on Friday, October 30th will be given a dividend of $1.52 per share by the semiconductor company on Tuesday, November 10th. This represents a $6.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, October 30th. This is a 7.0% increase from Texas Instruments’s previous quarterly dividend of $1.42.

Texas Instruments has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 23 consecutive years. Texas Instruments has a dividend payout ratio of 91.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Texas Instruments to earn $11.03 per share next year, which means the company should continue to be able to cover its $6.08 annual dividend with an expected future payout ratio of 55.1%.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $308.91 on Wednesday. The company’s fifty day moving average price is $273.30 and its 200 day moving average price is $256.99. Texas Instruments has a 1 year low of $152.73 and a 1 year high of $334.03.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, beating the consensus estimate of $2.40 by $0.22. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the prior year, the business posted $1.48 EPS. The firm’s quarterly revenue was up 27.7% compared to the same quarter last year. As a group, analysts anticipate that Texas Instruments will post 8.85 earnings per share for the current year.

About Texas Instruments

Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems.

The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.