Press release
TI increases dividend 5%, marking 20 consecutive years of increases
DALLAS, Sept. 21, 2023 /PRNewswire/ -- Texas Instruments Incorporated (TI) (Nasdaq: TXN) today said it will raise its quarterly cash dividend 5%, from $1.24
About this update from Texas Instruments Incorporated
[{"type":"text","content":"DALLAS, Sept. 21, 2023 /PRNewswire/ -- Texas Instruments Incorporated (TI) (Nasdaq: TXN) today said it will raise its quarterly cash dividend 5%, from $1.24 per share to $1.30, or $5.20 annualized. The higher dividend will be payable November 14, 2023, to stockholders of record on October 31, 2023, contingent upon formal declaration by the board of directors at its regular meeting in October. \nThe increase is consistent with TI's long-term objective for dividends by providing a sustainable and growing dividend and reflects the company's continued commitment to return all free cash flow to its owners over time. Today's announcement marks 20 consecutive years of dividend increases.\nNotice regarding forward-looking statements\nThis release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as TI or its management \"believes,\" \"expects,\" \"anticipates,\" \"foresees,\" \"forecasts,\" \"estimates\" or other words or phrases of similar import. Similarly, statements herein that describe TI's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.\nWe urge you to carefully consider the following important factors that could cause actual results to differ materially from the expectations of TI or our management:\nEconomic, social and political conditions, and natural events in the countries in which we, our customers or our suppliers operate, including global trade policies;Market demand for semiconductors, particularly in the industrial and automotive markets, and customer demand that differs from forecasts;Our ability to compete in products and prices in an intensely competitive industry;Evolving cybersecurity and other threats relating to our information technology systems or those of our customers, suppliers and other third parties;Our ability to successfully implement and realize opportunities from strategic, business and organizational changes, or our ability to realize our expectations regarding the amount and timing of as...