TE Connectivity announces fiscal 2021 first quarter dividend record and payment dates

Rhea-AI Summary

TE Connectivity Ltd. (NYSE: TEL) has declared a quarterly dividend of $0.48 per share for Q1 of fiscal 2021. The dividend will be payable on December 4, 2020, to shareholders of record as of November 20, 2020. This dividend was approved at the annual general meeting held on March 11, 2020. TE Connectivity, a global leader in industrial technology with a revenue of $12 billion, focuses on connectivity solutions across various sectors, ensuring robust advancements in technology.

Positive

• Dividend of $0.48 per share indicates strong cash flow.
• Approval of dividend reflects shareholder confidence.
• Market capitalization of $12 billion suggests strong market position.

Negative

• None.

News Market Reaction

+2.29%

1 alert

+2.29% News Effect

On the day this news was published, TEL gained 2.29%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SCHAFFHAUSEN, Switzerland, Nov. 3, 2020 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) today announced that the $0.48 per share quarterly dividend for the first quarter of fiscal year 2021 will be payable on December 4, 2020, to shareholders of record at the close of business on November 20, 2020.  The dividend was approved by shareholders at the company's annual general meeting held on March 11, 2020.

About TE Connectivity

TE Connectivity Ltd. (NYSE: TEL) is a $12 billion 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.

FAQ

What is the dividend amount declared by TE Connectivity for FY 2021 Q1?

TE Connectivity has declared a dividend of $0.48 per share for the first quarter of fiscal year 2021.

When will the dividend for TE Connectivity be paid?

The dividend will be payable on December 4, 2020.

What is the record date for the dividend payment of TE Connectivity?

The record date for the dividend payment is November 20, 2020.

When was the dividend approved for TE Connectivity?

The dividend was approved at the annual general meeting held on March 11, 2020.