Te Conne Stock Price, News & Analysis

TE Connectivity (NYSE: TEL) announced the election of Syaru Shirley Lin to its board of directors during the 2022 Annual General Meeting on March 9. Dr. Lin, a Compton Visiting Professor at the University of Virginia and former Goldman Sachs executive, brings extensive experience in international relations and investment banking. Her background includes leadership roles in marketing, operations, and technology, enhancing TE's strategic direction. TE Connectivity continues to position itself as a leader in technology, emphasizing its commitment to connectivity and sensor solutions across various sectors.

TE Connectivity Ltd. (NYSE: TEL) announced that its shareholders approved a $2.24 per share annual dividend at the Annual General Meeting on March 9, 2022. This dividend will be paid in four quarterly installments of $0.56. The payment dates are set for June 3, September 2, December 2, 2022, and March 3, 2023. Shareholders must be on record by May 20, August 19, November 18, and February 17, 2023, respectively, to receive their dividends. TE Connectivity is a global leader in connectivity and sensor solutions, with over 85,000 employees across 140 countries.

TE Connectivity has launched the African Heritage Scholarship Program, a $3.5 million initiative aimed at diversifying its workforce. The program will support 14 students from various U.S. colleges with internships and scholarships up to $22,500 for their junior year based on financial need. Successful interns will have the opportunity to return for a second internship the following summer. The program, created by TE's African Heritage Employee Resource Group, aims to enhance STEM representation and foster diverse talent within the company.

TE Connectivity Ltd. (NYSE: TEL) announced the pricing of a $600 million offering of 2.500% senior notes due 2032. The notes will be issued at a price of 98.033% and will pay interest semi-annually. The offering, made by TE's subsidiary Tyco Electronics Group S.A., is part of an effective registration statement from June 2021. The net proceeds will be used for general corporate purposes. The offering is expected to close on February 4, 2022, with BNP Paribas, Deutsche Bank, and Goldman Sachs as joint book-running managers.

TE Connectivity Ltd. (NYSE: TEL) reported strong first-quarter results for fiscal 2022, ending December 24, 2021. Net sales reached $3.8 billion, an 8% increase year-over-year, with orders at $4.3 billion, up 7%. Earnings per share (EPS) set a record at $1.72 GAAP and $1.76 adjusted EPS, reflecting a 52% and 20% year-over-year increase, respectively. The company generated $532 million in operating cash flow and returned $410 million to shareholders. For the second quarter, net sales are projected at $3.8 billion, with GAAP EPS expected at $1.52.

TE Connectivity Ltd. (NYSE: TEL) is set to report its first-quarter fiscal 2022 financial results before market opening on January 26, 2022. A conference call for investors will take place at 8:30 a.m. ET. Participants can join via the company's investor website or by telephone, with specific dial-in numbers provided for U.S. and international callers. A replay of the call will be accessible on the investor site starting at 11:30 a.m. ET on the same day. TE Connectivity is recognized for its extensive range of connectivity and sensor solutions across multiple sectors.