Texas Instruments Board Authorizes Additional $15 Billion in Stock Repurchases
September 15 2022 - 04:40PM
Dow Jones News
By Denny Jacob
Texas Instruments Inc. said Thursday that its board authorized
the company to repurchase an additional $15 billion of its common
stock over time.
The semiconductor company said the authorization is in addition
to the $8.2 billion of previously authorized repurchases that
remained at the end of June 2022.
The Dallas, Texas-based company also said it is raising its
quarterly dividend 8% to $1.24 a share from $1.15, or $4.96 on an
annualized basis. The higher dividend will be payable on Nov. 15 to
stockholders of record on Oct. 31 contingent on a formal
declaration from the board at its October meeting, the company
said.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
September 15, 2022 16:25 ET (20:25 GMT)
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