Texas Instruments’ Board of Directors has authorized the company to repurchase an additional $5 billion of its common stock. Additionally, the company plans to raise its quarterly cash dividend 25 percent. TI’s new quarterly dividend rate will be $0.10 per share, resulting in annual dividend payments of $0.40 per share.
This most recent action brings the Board’s total stock repurchase authorization since September 2004 to $20 billion. These repurchases have lowered TI’s shares outstanding by 17 percent through the end of the second quarter of 2007. http://www.ti.com
