Time Warner announced this morning that the media company will raise their quarterly dividend by 11 percent to $.26 per share and initiated a new $4 billion stock repurchase plan.
The chipmaker can certainly afford to increase their dividend. Altera finished the second quarter with $2.1 billion in cash and virtually no debt on their balance sheet.
The dividend hike comes as Williams Sonoma released fourth quarter results that handily beat Wall Street’s consensus expectations.