TE Connectivity Ltd. (TEL) To Go Ex-Dividend on May 22nd

TE Connectivity Ltd. (NYSE:TEL) announced a quarterly dividend on Wednesday, March 11th. Stockholders of record on Friday, May 22nd will be given a dividend of 0.78 per share by the electronics maker on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 22nd. This is a 9.9% increase from TE Connectivity’s previous quarterly dividend of $0.71.

TE Connectivity has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. TE Connectivity has a dividend payout ratio of 34.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TE Connectivity to earn $12.65 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 24.7%.

TE Connectivity Stock Performance

TE Connectivity stock opened at $196.31 on Wednesday. The firm has a 50 day simple moving average of $212.21 and a 200-day simple moving average of $224.26. TE Connectivity has a 1-year low of $155.37 and a 1-year high of $252.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. The stock has a market cap of $57.30 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.18.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.03. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter in the prior year, the company posted $2.10 EPS. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, analysts expect that TE Connectivity will post 11.28 EPS for the current year.

TE Connectivity declared that its board has authorized a share buyback program on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the electronics maker to buy up to 5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

About TE Connectivity

TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.