Texas Instruments ($TXN) announced its next dividend of $1.30 per share, a 4.8% increase over the company's previous payout of $1.24.
DivGro's annual dividend income will increase by $24.00 as a result.
I own 100 shares of TXN at an average cost basis of $108.84 per share. Following this increase, my yield on cost is 4.78%. In comparison, TXN's forward yield is 3.23% at $160.90 per share.
TXN became DivGro's 31st Home Run stock in February 2021 when the stock doubled my original capital outlay.
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