Texas Instruments increases dividend, expands share buyback

Thu Feb 21, 2013 4:38pm EST

Feb 21 (Reuters) - Chipmaker Texas Instruments Inc raised its quarterly dividend by 33 percent and said it will buy back an additional $5 billion in stock.

The company increased its quarterly dividend to 28 cents per share from 21 cents per share.

The additional buyback brings the total outstanding repurchase authorization to $8.4 billion.