Texas Instruments (TXN) to Announce Another Dividend Increase

What's Happening With TXN View more about TXN >

Texas Instruments (TXN) is trading just pennies below its all-time high and the company will further reward investors this week with its next dividend increase. TXN currently yields 2.8% and the stock has appreciated 37% on the year.  

Technical Analysis

TXN was recently trading at $129.81 down $1.99 from its 12-month high and $42.11 above its 12-month low. InvestorsObserver’s Stock Score Report gives TXN an 89 long-term technical score and a 96 short-term technical score. The stock has recent support above $120 and recent resistance below $132. Of the 20 analysts who cover the stock 6 rate it Strong Buy, 0 rate it Buy, 13 rate it Hold, 0 rate it Sell, and 1 rate it Strong Sell, TXN gets a score of 73 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

Texas Instruments had strung together an impressive 15-year streak of dividend increases, and the stock has a payout ratio of 56%. The company historically announces its dividend increases mid-October and this year’s increase could come as early as this week. The stock has already appreciated 37% on the year and is currently trading just below its all-time high. TXN will also announce earnings soon, with the company’s quarterly report set for October 22 with analysts expecting a profit of $1.42 per share. Last year the company boosted its dividend by a massive 24% to $0.77. With the current payout ratio the company is likely to announce another big increase, but probably not as big as last year’s increase. Look for the quarterly distribution to rise to around $0.90 for an increase of 16.8% and the stock to trade ex-dividend at the end of the month.

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:
    $130.09
  • Previous Close:
    $127.73
  • Change:
    $2.36 (1.85%)
  • Open:
    $130.10
  • Volume:
    4,712,846
  • Average Volume (100 Day):
    4,528,093
  • Market Capitalization:
    $121.5 B
  • Day's Range:
    $129.56 - $131.76
  • Dividend Yield:
    2.82%
  • 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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