DALLAS, Sept. 18, 2014 /PRNewswire/ -- Texas Instruments Incorporated (TI) (NASDAQ: TXN) today said it will raise its quarterly cash dividend by 13 percent, from $0.30 per share to $0.34, or $1.36 annualized. The higher dividend will be payable November 17, 2014, to stockholders of record on October 31, 2014, contingent upon formal declaration by the Board of Directors at its regular meeting in October.

This dividend increase is a continuing outgrowth of TI's capital management strategy. With its focus on analog and embedded processing semiconductors and their lower capital needs, TI's business model allows the company to consistently generate cash and return it to shareholders through both dividends and share repurchases.

TI has a strong history of returning cash to its shareholders. The company has increased the dividend every year for the past 11 years, and its share repurchases have reduced its outstanding share count by 38 percent since the beginning of 2005.

Safe Harbor Statement

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as TI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe TI's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

We urge you to carefully consider the following important factors that could cause actual results to differ materially from the expectations of TI or its management:


    --  Market demand for semiconductors, particularly in markets such as
        personal electronics, especially the mobile phone sector, and
        industrial;
    --  TI's ability to maintain or improve profit margins, including its
        ability to utilize its manufacturing facilities at sufficient levels to
        cover its fixed operating costs, in an intensely competitive and
        cyclical industry;
    --  TI's ability to develop, manufacture and market innovative products in a
        rapidly changing technological environment;
    --  TI's ability to compete in products and prices in an intensely
        competitive industry;
    --  TI's ability to maintain and enforce a strong intellectual property
        portfolio and obtain needed licenses from third parties;
    --  Expiration of license agreements between TI and its patent licensees,
        and market conditions reducing royalty payments to TI;
    --  Violations of or changes in the complex laws, regulations and policies
        to which our global operations are subject, and economic, social and
        political conditions in the countries in which TI, its customers or its
        suppliers operate, including security risks, health conditions, possible
        disruptions in transportation, communications and information technology
        networks and fluctuations in foreign currency exchange rates;
    --  Natural events such as severe weather and earthquakes in the locations
        in which TI, its customers or its suppliers operate;
    --  Availability and cost of raw materials, utilities, manufacturing
        equipment, third-party manufacturing services and manufacturing
        technology;
    --  Changes in the tax rate applicable to TI as the result of changes in tax
        law, the jurisdictions in which profits are determined to be earned and
        taxed, the outcome of tax audits and the ability to realize deferred tax
        assets;
    --  Changes in laws and regulations to which TI or its suppliers are or may
        become subject, such as those imposing fees or reporting or substitution
        costs relating to the discharge of emissions into the environment or the
        use of certain raw materials in our manufacturing processes;
    --  Losses or curtailments of purchases from key customers and the timing
        and amount of distributor and other customer inventory adjustments;
    --  Financial difficulties of our distributors or their promotion of
        competing product lines to TI's detriment;
    --  A loss suffered by a customer or distributor of TI with respect to
        TI-consigned inventory;
    --  Customer demand that differs from our forecasts;
    --  The financial impact of inadequate or excess TI inventory that results
        from demand that differs from projections;
    --  Impairments of our non-financial assets;
    --  Product liability or warranty claims, claims based on epidemic or
        delivery failure or recalls by TI customers for a product containing a
        TI part;
    --  TI's ability to recruit and retain skilled personnel;
    --  Timely implementation of new manufacturing technologies and installation
        of manufacturing equipment, and the ability to obtain needed third-party
        foundry and assembly/test subcontract services;
    --  TI's obligation to make principal and interest payments on its debt;
    --  TI's ability to successfully integrate and realize opportunities for
        growth from acquisitions, and our ability to realize our expectations
        regarding the amount and timing of restructuring charges and associated
        cost savings; and
    --  Breaches of our information technology systems.

For a more detailed discussion of these factors, see the Risk Factors discussion in Item 1A of TI's Form 10-K for the year ended December 31, 2013. The forward-looking statements included in this release are made only as of the date of this release, and TI undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances.

About Texas Instruments

Texas Instruments Incorporated (TI) is a global semiconductor design and manufacturing company that develops analog ICs and embedded processors. By employing the world's brightest minds, TI creates innovations that shape the future of technology. TI is helping more than 100,000 customers transform the future, today. Learn more at www.ti.com.

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SOURCE Texas Instruments Incorporated