Texas Instruments raises dividend to 17 cents

DALLAS (AP) -- Chipmaker Texas Instruments Inc. says it will raise its quarterly cash dividend to 17 cents per share from 13 cents, a 31 percent increase.TI has raised its dividend for eight straight years and has paid dividends since June 1962.It said Thursday that the increase reflects the strategic shift in its product portfolio to supply a greater percentage of analog and embedded processing technologies, which generate strong cash flow and high returns on investment.The new quarterly dividend will be payable on Nov. 21 to shareholders of record as of Oct. 31.Shares rose 13 cents to $27.84 in after-hours trading following the announcement, after closing up 44 cents, or 1.6 percent, at $27.71 amid a positive trading session for major U.S. stock market indexes.