TXN with a 5% dividend increase
$Texas Instruments(TXN)$ TXN with a 5% dividend increase
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.
Today's announcement marks 20 consecutive years of dividend increases.
TXN Cash flow
Not really a surprise that it was not a double digit dividend increase
TXN Capex will be a burden on FCF and the ability to keep delivering double digit dividend growth
Capex: 1Q run rate ~$4 B
TTM $3.3 B
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