Texas Instruments shares higher after dividend increase

Texas Instruments Inc. TXN, +1.04% said late Thursday it will raise its dividend by 24% to 77 cents a share, from 62 cents a share, or $3.08 a share annualized. The dividend is payable Nov. 19 to shareholders of record on Oct. 31. Texas Instruments’ board also authorized the company to buy back an additional $12 billion worth of shares. That is in addition to about $7.4 billion of a previously authorized repurchase program that remained as of the end of June. Texas Instruments shares rose 2% in the extended session Thursday after ending the regular trading day up 1%.

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