This is a move that you don’t see everyday.Â Typically an increaseÂ of this magnitude in the dividendÂ payment indicatesÂ that management is a strong believer in the future prospects of the company.Â As you can see below, Texas Instuments has steadily beenÂ raising the percentage of its dividend increases over the past several years.Â It is great news for the income investor, but have they given up on growth?
Texas Instruments Incorporated (NYSE: TXN) (TI) today declared a 100 percent increase in its regular quarterly cash dividend, payable May 21 to stockholders of record
on April 30, 2007. The new quarterly dividend rate will be $0.08 per quarter, resulting in annual dividend payments of $0.32 per share.
This is TI’s fourth dividend increase in the last four years. The previous dividend increases were: 17 percent in 2004; 20 percent in 2005; 33 percent in 2006. TI has paid dividends to its shareholders on an uninterrupted basis since June 1, 1962.
Texas Instruments Incorporated provides innovative DSP and analog technologies to meet our customers’ real world signal processing requirements. In addition to Semiconductor, the company includes the Education Technology business. TI is headquartered in Dallas, Texas, and has manufacturing, design or sales operations in more than 25 countries.