logo-loader
viewTexas Instruments

Texas Instruments shares jump after dividend increase and US$12bn stock buyback

The dividend was raised by 24% to US$0.77 per share from US$0.62 per share

Texas Instruments logo on a building
The Texas-based company may be best known for its high-tech calculators

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.

Quick facts: Texas Instruments

Price: 111.47 USD

NYSE:TXN
Market: NYSE
Market Cap: $103.96 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

CytoDyn hopes to convince FDA & federal gov't to grant approvals with...

CytoDyn Inc (OTCQB:CYDY) CEO Nader Pourhassan and diagnostic advisor Dr Bruce Pattersen tell Proactive that recent blood work shows that seven severe coronavirus patients being treated with its drug leronlimab in New York City have shown a significant improvement after seven days in several...

15 minutes ago

2 min read