Texas Instruments Ups Dividend Again
Texas Instruments (TXN) continued its long string of dividend increases with a 24% boost to $0.21 per share per quarter for an indicated annual dividend of $0.84 per share. Since 2003-04 when the dividend was $0.09 per share, TXN has increased its payout to shareholders a whopping ninefold, which is in stark contrast to the stock price, which has remained trapped in a markedly sideways trading range over the same time period.
The dividend increase brings its yield close to that of another darling from the halcyon days of tech, Microsoft (MSFT), although both yields significantly trail Intel's (INTC), which is 3.90%. We don't follow MSFT because they don't meet our Criteria for Select Blue Chips, but Intel will enter our pages at the end of 2012 as the company obtains 25 years of uninterrupted dividends....155 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.