TE Connectivity Ltd. (NYSE:TEL – Get Free Report) declared a quarterly dividend on Wednesday, September 10th, RTT News reports. Stockholders of record on Friday, November 21st will be given a dividend of 0.71 per share by the electronics maker on Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, November 21st.
TE Connectivity has raised its dividend 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 31.5% meaning 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 Price Performance
Shares of NYSE TEL opened at $231.51 on Wednesday. The stock’s 50-day simple moving average is $227.37 and its 200-day simple moving average is $197.02. The firm has a market capitalization of $68.11 billion, a PE ratio of 37.64, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. TE Connectivity has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 1.56.
About TE Connectivity
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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