Texas Instruments hikes dividend, share buybacks

Texas Instruments Inc. shares rose in the extended session Thursday after the chip maker's board raised the quarterly dividend by 24% and added a hefty share buyback authorization. Texas Instruments shares rose 1.5% to $87.35 after hours. The company will raise its quarterly dividend to 62 cents a share from 50 cents, with the new dividend payable Nov. 13 to shareholders as of Oct. 31. Texas Instruments's board also added $6 billion in share repurchase authority, in addition to the 44.6 billion in purchasing authority that remained at the end of June 2017.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.