TE Connectivity's board approves recommendation to raise annualized dividend to $2.36 per share

Rhea-AI Summary

TE Connectivity Ltd. (NYSE: TEL) announced an increase in its quarterly dividend from $0.56 to $0.59 per share, effective from April 2023. This change raises the annual dividend from $2.24 to $2.36 per share. The proposal will be voted on at the Annual General Meeting on March 15, 2023. This decision reflects the company's ongoing commitment to return value to its shareholders.

Positive

• Increase in quarterly dividend from $0.56 to $0.59 per share.
• Annual dividend rises from $2.24 to $2.36 per share, enhancing shareholder returns.

Negative

• None.

SCHAFFHAUSEN, Switzerland, Dec. 9, 2022 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) ("TE Connectivity") announced today that its Board of Directors approved a recommendation to increase the company's quarterly dividend from $0.56 to $0.59 per share, for the four fiscal quarters starting in April 2023, the beginning of the third fiscal quarter. The recommendation would raise the company's dividend from the annual rate of $2.24 per share to $2.36 per share, and will be presented for shareholder approval at the company's Annual General Meeting of Shareholders on March 15, 2023.

About TE Connectivity

TE Connectivity Ltd. (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions, proven in the harshest environments, enable advancements in transportation, industrial applications, medical technology, energy, data communications, and the home. With more than 85,000 employees, including over 8,000 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Twitter.

 

 

 

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SOURCE TE Connectivity Ltd.

FAQ

What is the new dividend amount for TE Connectivity (TEL)?

TE Connectivity (NYSE: TEL) has increased its quarterly dividend to $0.59 per share.

When will TE Connectivity's new dividend take effect?

The new dividend will take effect in April 2023.

What is the total annual dividend after the increase for TE Connectivity?

The total annual dividend will rise to $2.36 per share after the increase.

When is the vote on the new dividend proposal for TE Connectivity?

The vote on the new dividend proposal is scheduled for March 15, 2023.