Why Texas Instruments Is a Great Dividend Stock
Texas Instruments (NASDAQ: TXN) beat reduced revenue and earnings estimates in its second-quarter report on July 21. COVID-19 has put a dent in performance for the Dallas-based chip giant like it has most semiconductor stocks.
However, TI boasts approximately 100,000 customers and serves multiple sectors of the economy. It has also maintained dividend hikes before, even during difficult economic times. Such attributes show that Texas Instruments stock should not only weather this economic storm, but it should also deliver returns and increased payouts as the economy recovers.
Revenue of almost $3.24 billion fell by 12% from the same quarter last year. Still, it came in $290 million ahead of estimates. Earnings under generally accepted accounting principles (GAAP) of $1.48 per share were also $0.60 per share ahead of estimates. TI earned $1.36 per share in the year-ago quarter.
Source Fool.com
