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Thursday, February 21, 2013

Texas Instruments increases dividend, expands share buyback, (NASDAQ: TXN)

Chipmaker Texas Instruments Inc raised its quarterly dividend by 33 percent and said it will purchase back an additional $5 billion in stock. The company increased its quarterly dividend to 28 cents per share from 21 cents per share.

Texas Instruments Inc. (TI) designs and makes semiconductors, which it sells to electronics designers and manufacturers globally. Shares of TXN fell by 1.75% or $-0.58/share to $32.48. In the past year, the shares have traded as low as $26.06 and as high as $34.29. On average, 8200090 shares of TXN exchange hands on a given day and today's volume is recorded at 11291528.