By Stephen Nakrosis
Texas Instruments Inc. on Wednesday said it will raise its quarterly cash dividend 13% to $1.15 a share from $1.02.
The new dividend will be payable Nov. 15, to stockholders of record on Nov. 1., "contingent upon formal declaration by the board of directors at its regular meeting in October," the company said.
The company also said it has increased dividends for 18 consecutive years.
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(END) Dow Jones Newswires