Texas Instruments Plans $15 Billion in Share Buybacks, Boosts Dividend
- Repurchases add to $8.2 balance left at the end of June
- Company’s shares have fared better than many peers this year
Photographer: Daniel Acker/Bloomberg
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Texas Instruments Inc. authorized $15 billion in share repurchases and boosted its quarterly dividend by 8% to $1.24 a share, rewarding investors after a difficult year for chip stocks.
The buyback plans come in addition to the $8.2 billion of previously authorized repurchases that remained at the end of June, Texas Instruments said in a statement Thursday. The higher dividend, meanwhile, will be payable Nov. 15 to shareholders of record on Oct. 31.