10 Dividend Stocks For Steady Income

5. Texas Instruments Incorporated (NASDAQ:TXN)

Dividend Yield as of December 20: 2.93%

5-Year Share Price Return: 43.94%

Texas Instruments Incorporated (NASDAQ:TXN) is an American multinational semiconductor company that produces analog and embedded chips. In the third quarter of 2024, the company reported revenue exceeding $4.1 billion, down from $4.5 billion during the same period the previous year. The company posted an operating profit of over $1.55 billion and a net income of $1.36 billion. Its financial position remained robust, with an operating cash flow of $6.2 billion over the trailing 12 months, showcasing the strength of its business model, high-quality product portfolio, and benefits from 300mm production. During the same period, free cash flow totaled $1.5 billion. Over the past year, Texas Instruments allocated $3.7 billion to R&D and SG&A, spent $4.8 billion on capital investments, and returned $5.2 billion to shareholders.

The London Company mentioned TXN in its Q2 2024 investor letter. Here is what the firm has to say:

“Texas Instruments Incorporated (NASDAQ:TXN) – TXN rallied in 2Q despite declining revenue in its latest update. TXN is beginning to see some encouraging signs of destocking nearing an end and some sub segments of the market are experiencing improving demand. TXN continued to spend on capex and should begin to see positive benefits to cash flow next year from the CHIPS Act.”

Texas Instruments Incorporated (NASDAQ:TXN) is one of the best stocks with steady dividends as the company boasts an impressive track record of dividend growth, increasing its payouts for 21 consecutive years. Over this time, the company has achieved a compound annual growth rate (CAGR) of 24% in its dividend distributions. It currently pays a quarterly dividend of $1.36 per share for a dividend yield of 2.93%, as of December 20.

Texas Instruments Incorporated (NASDAQ:TXN) remained popular among elite funds at the end of Q3 2024, with hedge fund positions growing to 57, from 50 in the previous quarter, according to Insider Monkey’s database. The collective value of stakes owned by these funds is roughly $3 billion.