Sensata Technologies Board Approves Quarterly Dividend of $0.11 per share

Rhea-AI Summary

Sensata Technologies (NYSE: ST) has announced a quarterly dividend of $0.11 per share, scheduled for payment on May 25, 2022, to shareholders of record as of May 11, 2022. With over $1.6 billion in cash and strong free cash flow expectations, the company aims to return capital to shareholders alongside pursuing growth through acquisitions in Electrification and IoT sectors. This marks a strategic move to enhance shareholder value while positioning the company for future growth.

Positive

• Quarterly dividend of $0.11 per share indicates strong shareholder returns.
• Over $1.6 billion in cash positions Sensata for strategic growth and acquisitions.

Negative

• None.

SWINDON, England--(BUSINESS WIRE)-- Sensata Technologies (NYSE: ST), a leading industrial technology company and provider of sensor-rich solutions and insights for customers, today announced that its Board of Directors approved the implementation of a quarterly dividend in the amount of $0.11 per share. The Company will pay this second quarter 2022 dividend on May 25, 2022 to shareholders of record as of May 11, 2022.

“Sensata is in a very strong position financially, with over $1.6 billion of cash on our balance sheet and strong expected free cash flows,” said Paul Vasington, EVP and CFO at Sensata Technologies. “In addition to our capital deployment strategy of enabling acquisitions to support our growth vectors in Electrification and Insights / IoT, Sensata is returning capital to shareholders in the form of share repurchases and through an ongoing dividend.”

About Sensata Technologies

Sensata Technologies is a global industrial technology company striving to create a cleaner, more efficient, electrified and connected world. Through its broad portfolio of sensors, electrical protection components and sensor-rich solutions which create valuable business insights, Sensata helps its customers address increasingly complex engineering and operating performance requirements. With more than 21,000 employees and global operations in 13 countries, Sensata serves customers in the automotive, heavy vehicle & off-road, industrial, and aerospace markets. Learn more at www.sensata.com and follow us on LinkedIn, Facebook and Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220426005428/en/

Investors:

Jacob Sayer

+1 (508) 236-1666

jsayer@sensata.com

Media:

Alexia Taxiarchos

+1 (617) 259-8172

ataxiarchos@sensata.com

Source: Sensata Technologies

FAQ

What is the dividend amount announced by Sensata Technologies?

Sensata Technologies announced a quarterly dividend of $0.11 per share.

When will the dividend for Sensata Technologies be paid?

The dividend will be paid on May 25, 2022.

What is the record date for the dividend payment by Sensata Technologies?

The record date for the dividend payment is May 11, 2022.

What financial position does Sensata Technologies currently hold?

Sensata Technologies has over $1.6 billion in cash on its balance sheet.

What are the growth strategies of Sensata Technologies?

Sensata Technologies focuses on growth through acquisitions in Electrification and IoT sectors.