Texas Instruments said it will increase its quarterly dividend by 33%, from 21c per share to 28c, payable May 20, to shareholders of record on April 30, 2013. Annualized, the new dividend will be $1.12. Additionally, TI authorized the repurchase of an additional $5B of its common stock bringing the total outstanding authorization to $8.4B. The increases reflect the company's ability to generate cash and management's commitment to return it to shareholders, Texas Instruments said.
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