Is Texas Instruments' 24% Dividend Increase Too Extreme?

Is Texas Instruments' 24% Dividend Increase Too Extreme?

There are dividend raises, and there are dividend raises. Texas Instruments' (NASDAQ: TXN) latest hike falls squarely into the second category -- the veteran analog chipmaker announced a nearly 24% increase in its payout, while also launching a fresh $6 billion share buyback program.

Texas Instruments likes its Texas-sized dividend raises. Its latest one is more than twice as high as the most recent rises from dividend-paying tech giants Cisco (NASDAQ: CSCO) and Microsoft (NASDAQ: MSFT). Does that mean this boost is too much? Here's what I think. 

Image source: Texas Instruments.

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Source: Fool.com