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TE Connectivity's board approves recommendation to raise annualized dividend to $2.24 per share
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
SCHAFFHAUSEN, Switzerland, Dec. 10, 2021 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) announced today that its Board of Directors approved a recommendation to increase the company's quarterly dividend from $0.50 to $0.56 per share, for the four fiscal quarters starting in April 2022, the beginning of the third fiscal quarter. The recommendation would raise the company's dividend from the annual rate of $2.00 per share to $2.24 per share, and will be presented for shareholder approval at the company's Annual General Meeting of Shareholders on March 9, 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 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.
about te connectivity te connectivity (nyse: tel) is a $12 billion global technology leader. our connectivity and sensor solutions are essential in today’s increasingly connected world. we collaborate with engineers to transform their concepts into creations – redefining what’s possible using intelligent, efficient and high-performing te products and solutions proven in harsh environments. our 72,000 people, including over 7,000 engineers, partner with customers in close to 150 countries across a wide range of industries. we believe every connection counts – www.te.com.