TE Connectivity Ltd. (NYSE:TEL – Get Free Report) declared a quarterly dividend on Wednesday, December 17th. Shareholders of record on Friday, February 20th will be paid a dividend of 0.71 per share by the electronics maker on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, February 20th.
TE Connectivity has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 12 years. TE Connectivity has a dividend payout ratio of 31.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect TE Connectivity to earn $8.91 per share next year, which means the company should continue to be able to cover its $2.84 annual dividend with an expected future payout ratio of 31.9%.
TE Connectivity Stock Performance
Shares of TEL stock opened at $225.91 on Friday. TE Connectivity has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The stock’s 50-day moving average is $232.39 and its two-hundred day moving average is $207.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 1.03. The firm has a market cap of $66.46 billion, a P/E ratio of 36.73, a PEG ratio of 1.71 and a beta of 1.25.
TE Connectivity Company Profile
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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