TE Connectivity announces approval of quarterly dividends by shareholders at 2023 Annual General Meeting

(Neutral)

Rhea-AI Summary

On March 15, 2023, TE Connectivity Ltd. (NYSE: TEL) announced the approval of a $2.36 per share dividend by shareholders at its Annual General Meeting. The dividend will be paid out in four equal quarterly installments of $0.59 each. The payment dates are as follows:

3rd Quarter: June 2, 2023
4th Quarter: September 1, 2023
1st Quarter FY 2024: December 1, 2023
2nd Quarter FY 2024: March 1, 2024

This reflects the company's commitment to returning value to shareholders.

Positive

Approval of a dividend of $2.36 per share demonstrates strong financial performance and shareholder value.
The dividend will be distributed in four equal installments, reflecting stable cash flow.

Negative

None.

News Market Reaction – TEL

+0.79%

+0.79% Session move

In the trading session that priced this news, TEL gained 0.79%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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03/15/2023 - 04:12 PM

SCHAFFHAUSEN, Switzerland , March 15, 2023 /PRNewswire/ -- Shareholders of TE Connectivity Ltd. (NYSE: TEL), a world leader in connectors and sensors, approved a dividend of $2.36 per share at the company's Annual General Meeting of Shareholders held on March 15, 2023. The dividend will be distributed to shareholders in four equal quarterly installments of $0.59, as follows:

Dividend Payment Details:

TEL Quarter, Fiscal Year	Payment Date	Record Date
3^rd Quarter, Fiscal Year 2023	June 2, 2023	May 19, 2023
4^th Quarter, Fiscal Year 2023	September 1, 2023	August 18, 2023
1^st Quarter, Fiscal Year 2024	December 1, 2023	November 17, 2023
2^nd Quarter, Fiscal Year 2024	March 1, 2024	February 16, 2024

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 dividend amount declared by TE Connectivity on March 15, 2023?

TE Connectivity declared a dividend of $2.36 per share on March 15, 2023.

When will the dividends for TE Connectivity be paid?

Dividends will be paid quarterly on June 2, September 1, December 1, and March 1.

What is the significance of the dividend declared by TE Connectivity?

The declared dividend of $2.36 per share indicates TE Connectivity's commitment to returning profits to shareholders, reflecting financial stability.

How often does TE Connectivity pay dividends?

TE Connectivity pays dividends quarterly.