Texas Instruments Inc (NASDAQ:TXN) shares jumped after the company announced a dividend increase.
The dividend was raised by 24% to US$0.77 per share from US$0.62 per share, payable November 19 to shareholders of record on October 31.
Shares of the Texas-based company rose more than 2% to US$110.89 in Thursday after-hours trading.
The Board has also authorized a stock buyback of US$12bn worth of shares on top of previously announced US$7.4bn repurchase program.
The semiconductor company is perhaps best known for its high-tech calculators.