TE Connectivity announces approval of quarterly dividends by shareholders at 2021 Annual General Meeting
Rhea-AI Summary
TE Connectivity Ltd. (NYSE: TEL) announced that shareholders approved a $2.00 dividend per share at the Annual General Meeting on March 10, 2021. This dividend will be paid in four equal quarterly installments of $0.50. The payment dates are set for June 4, 2021, September 3, 2021, December 3, 2021, and March 4, 2022, with record dates being May 21, 2021, August 20, 2021, November 19, 2021, and February 18, 2022. This decision reflects the company's financial strength and commitment to returning value to shareholders.
Positive
- Dividend approval of $2.00 per share indicates strong financial health.
- Regular dividend payments enhance shareholder confidence.
Negative
- None.
News Market Reaction – TEL
In the trading session that priced this news, TEL gained 1.21%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SCHAFFHAUSEN, Switzerland, March 11, 2021 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) today announced that at the company's Annual General Meeting of Shareholders held on March 10, 2021, the shareholders approved that a dividend of
TEL Quarter, Fiscal Year | Payment Date | Record Date |
3rd Quarter, Fiscal Year 2021 | June 4, 2021 | May 21, 2021 |
4th Quarter, Fiscal Year 2021 | September 3, 2021 | August 20, 2021 |
1st Quarter, Fiscal Year 2022 | December 3, 2021 | November 19, 2021 |
2nd Quarter, Fiscal Year 2022 | March 4, 2022 | February 18, 2022 |
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 approximately 80,000 employees, including more than 7,500 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.