Texas Instruments Adds $7.5 Billion to Stock Repurchase Plan
- Chipmaker increases dividend by 4 cents to 38 cents a share
- Company's payout is rising for 12th consecutive year
This article is for subscribers only.
Texas Instruments Inc., the largest maker of analog chips, said it added $7.5 billion to its stock-repurchase plan and increased its dividend, part of a plan to return more cash to shareholders.
The chipmaker’s new buyback authorization adds to $1.8 billion already available for purchasing its stock, the company said in a statement Thursday. It didn’t specify a time limit on the new plan. The Dallas-based company has reduced its outstanding share count by 40 percent since the beginning of 2005.