Texas Instruments to announce a dividend increase

What's Happening With TXN View more about TXN >

Texas Instruments (TXN) has increased its dividend each of the last twelve years, and its next increase is likely to come this year. The stock currently has a yield of 2.14%, and the stock has appreciated 29.4% on the year.

Technical Analysis

TXN was recently trading at $70.91, down $1.67 from its 12-month high and $24.18 above its 12-month low. Technical indicators for TXN are bullish and the stock is in a strong upward trend. The stock has recent support above $68.10 and is trading above recent resistance. Of the 24 analysts who cover the stock, seven rate it a “strong buy”, two rate it a “buy”, 13 rate it a “hold”, one rates it a “sell”, and one rates it a “strong sell”. The stock receives S&P Capital IQ’s 3 STARS “Hold” ranking.

Analysts' Thoughts

Texas Instruments has boosted its dividend each of the last twelve years, and with a payout ratio of just 49.8%, the company can easily afford another increase this year. The company tends to announce its dividend increases during the third week of October, and there is no reason to expect it to vary from that time frame this year. Last year the company boosted its dividend by 11.7%, and during the previous year it lifted its distribution by 13.3%. Look for a similar increase this year. TXN currently pays a quarterly dividend of $0.38, which could rise as high as $0.42, which would translate to an increase of 10.5%. Look for the increase to come this week, with the stock trading ex-dividend toward the end of the month and the dividend payable mid-November.

TXN
About Texas Instruments Incorporated

Texas Instruments Inc is a Dallas-based generates about 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in digital signal processors, used in wireless communications, and microcontrollers used in a wide variety of electronics applications.

  • Last Price:
    $129.50
  • Previous Close:
    $131.69
  • Change:
    $-2.19 (-1.66%)
  • Open:
    $130.83
  • Volume:
    4,516,470
  • Average Volume (100 Day):
    4,500,164
  • Market Capitalization:
    $120.9 B
  • Day's Range:
    $129.19 - $131.45
  • Dividend Yield:
    2.73%
  • 52-week Range:
    $132 - $87.70
  • P-E:
    23.20
  • EPS:
    $5.47
  • Earnings Date:
    10/22/19
  • Ex Dividend Date:
    10/30/19
  • Sector:
    Technology
  • Industry:
    Semiconductors
  • Analyst Average Recommendation:
    Hold

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