Texas Instruments (NASDAQ:TXN) is a buy for the total return investor that also wants some growing dividend income. Texas Instruments is one of the largest manufacturers and distributors of semiconductors to electronics designers and manufacturers. Texas Instruments has steady growth and has plenty of cash, which it uses to buy bolt-on companies, increase the dividend each year, and buy back shares. The stock comprises 5.98% of The Good Business Portfolio, my IRA portfolio of good business companies that are balanced among all styles of investing.

I use a set of guidelines that I codified over the last few years to review the companies in The Good Business Portfolio (my portfolio) and other companies that I am reviewing. For a complete set of guidelines, please see my article "The Good Business Portfolio: Update to Guidelines, August 2018". These guidelines provide me with a balanced portfolio of income, defensive, total return, and growing companies that hopefully keeps me ahead of the Dow average.

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