Shares of Texas Instruments Incorporated (TXN) will begin trading ex-dividend on Thursday, April 27. To qualify for a dividend check, investors must have owned Texas Instruments shares prior to Thursday, which is the last day the company's management will finalize its roster of shareholders to whom it will mail payments. 

Texas Instruments stock, which currently trades around $81 per share, has risen about 11% year to date, including some 7% returns in the past three months. This compares with a 6.04% year-to-date rise in the S&P 500 index (SPX). Texas Instruments stock has risen 38% over the past twelve months, while the S&P 500 has risen 13.51%. (See also: Texas Instruments (TXN) Q1 Earnings: Is a Surprise in Store?)

In its fiscal fourth quarter earnings results, reported in January, the Texas-based company beat Wall Street estimates on earnings per share and beat on revenue. The company reported adjusted earnings of $1.02 per share, which beat analysts' projections by 20 cents. Fourth quarter revenue of $3.4 billion grew 7% year over year, beating Wall Street estimates by $90 million.

Looking ahead, for the fiscal first quarter ended March 31, Texas Instruments is expected to deliver 83 cents per share, up from 65 cents a year ago, on revenue of $3.3 billion, up 9.8% year over year. For the full year, ending December, earnings are projected to rise 10.5% year over year to $3.68 per share, while revenue of $14.04 billion would mark a 5% rise year over year.

Based on Texas Instruments current stock price of around $81, the company’s 50-cent per share quarterly dividend yields 2.54% annually, or about 54 basis points above the 2.00% average yield of the S&P 500 index. Texas Instruments will send its dividend payment on May 15 to shareholders of record as of May 1. The stock has a consensus Hold rating and an average analyst 12-month price target of $84, implying potential returns of 3.6% from current levels.

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