This Cyclical Industry Giant Is Getting Ready for the Pendulum's Next Swing
I am not a tech-savvy investor, but I do love a good dividend-paying stock. So Texas Instruments (NASDAQ: TXN) has long been on my wish list, given its nearly two decades' worth of annual dividend hikes. When the dividend yield rose to historically high levels in 2022, I jumped in, and everything I have heard since, including the fact that the cyclical chip market is in a lull, has made me very happy I did.
Great companies are seldom put on the sale rack, so you have to move when they end up there. That's basically what I believe took place earlier in 2022 when the dividend yield on Texas Instruments' shares rose to 3%. That's the upper end of its historical yield range. The problem is that, more often than not, dividend yields don't hit historically high levels randomly.
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Source Fool.com
