Tuesday, September 20, 2022

Dividend Increase - Texas Instruments Incorporated (TXN)



Thursday, September 15th the Board of Directors of Texas Instruments Incorporated (TXN) announced a quarterly dividend increase of from $ 1.15 to $ 1.24 per share that’s payable November 15, 2022 to holders of record October 31, 2022. This represents a 7.83% increase over the last quarterly dividend. That announcement marks 19 consecutive years of dividend increases.


The board of directors also authorized the company to repurchase an additional $15 billion of its common stock over time. This is in addition to approximately $8.2 billion of previously authorized repurchases that remained at the end of June 2022.


With current price $ 166.25 (yesterday's close), this raise brings their dividend yield to 2.98%.



Texas Instruments is a Dividend Contenders with a 19 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 13.2, 17.0, 20.8 and 22.4 (Dividend Champions.xls)



Since I own 20 shares of TXN, this will increase my portfolio's projected annual net dividend income by $ 5.36.


The increase was a little lower than I expected, but I am also happy to accept this.


This is the first dividend increase I've received from Texas Instruments since initiating a position January 2022.


This increase raises my YOC to 3.08%.



Summary of 2022 Dividend Increases / Cuts



Click here to see my portfolio holdings.


You can follow the development of my dividends here.


Full Disclosure: Long TXN


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