Texas Instruments Raises Buyback, Increases Dividend

From Staff Reports

Texas Instruments Inc. (TXN), the world's biggest maker of mobile-phone chips, last week boosted its existing share buyback plan by $5 billion and also increased its dividend for the second time this year. The objective: To raise investor confidence after two quarters of to reassure investors after two quarters of declining profit.

The quarterly dividend will be increased by 25% to a quarterly total of 10 cents per share. That payout has more than tripled since last year. Rich Templeton, TI’s chief executive officer, really disappointed shareholders this month when he cut back the high end of his guidance to analysts and investors. He said that an unidentified customer ordered fewer chips than anticipated.

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Texas Instruments Raises Buyback, Increases Dividend.