Texas Instruments: raises dividend and share buybacks
(CercleFinance.com) - Texas Instruments announces a 24% increase in its quarterly dividend to 77 cents per share (or 3.
08 dollars on an annualised basis), which will be paid on 19 November to shareholders on record on 31 October.
The group's board of directors also authorised share buybacks amounting to 12 billion dollars, which will be added to the remaining authorisation at the end of June 2018 (for about 7.4 billion dollars).
"Dividend increases and share repurchases are integral pieces of TI's capital management strategy, reflecting the company's continued strength in free cash flow generation and its commitment to return excess cash to stockholders," the Dallas based group said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
08 dollars on an annualised basis), which will be paid on 19 November to shareholders on record on 31 October.
The group's board of directors also authorised share buybacks amounting to 12 billion dollars, which will be added to the remaining authorisation at the end of June 2018 (for about 7.4 billion dollars).
"Dividend increases and share repurchases are integral pieces of TI's capital management strategy, reflecting the company's continued strength in free cash flow generation and its commitment to return excess cash to stockholders," the Dallas based group said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.