Texas Instruments Has Raised Its Dividend for 23 Years. Here Are 3 More Tech Income Stocks

Impact · against what's priced in

The news is largely noise for TXN and CSCO as the market has already baked in their capex trajectories and current growth profiles. The only material update is TXN's immediate dividend increase, though the high payout ratio relative to non-incentivized cash flow provides a cautious ceiling.

TXN+0.00

Already priced in

The price assumes

A near-term step-down in capital expenditures