This tech stock is expected to grow earnings by more than 28% this year. The current annual dividend yield is 2.15%, paid quarterly.
Texas Instruments Incorporated (TXN)
From Dividend Advisor
Texas Instruments Incorporated is a buy. (High-Growth Dividend Payer Portfolio, Dividend Sustainability Rating: Above Average) last raised its quarterly payment in November 2020. Investors now receive $1.02 a share, up 13.3% from $0.90. The new annual rate is $4.08.
Demand for the company’s chips has surged in the past few months as manufacturing activity continues to rebound from last year’s COVID-19 shutdowns. In the quarter ended June 30, 2021, Texas Instruments’ revenue jumped 41.4%, to $4.58 billion from $3.24 billion a year earlier. As well, earnings shot up 39.9%, to $1.93 billion from $1.38 billion. Earnings per share gained at a slower pace of 38.5%, to $2.05 from $1.48, on more shares outstanding. If you factor out unusual items, earnings in the latest quarter still rose 34.5% to $1.99 a share.
Texas Instruments is a buy.
Patrick McKeough, Dividend Advisor, tsinetwork.ca, 888-292-0296, August 2021