TE Connectivity Ltd. to Issue Quarterly Dividend of $0.78 (NYSE:TEL)

TE Connectivity Ltd. (NYSE:TEL) declared a quarterly dividend on Wednesday, June 10th. Investors of record on Friday, August 21st will be given a dividend of 0.78 per share by the electronics maker on Friday, September 11th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st.

TE Connectivity has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. TE Connectivity has a payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 4.1%

TEL opened at $202.30 on Thursday. TE Connectivity has a 12 month low of $162.17 and a 12 month high of $252.56. The stock has a market capitalization of $59.05 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.49 and a beta of 1.16. 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 business has a fifty day moving average price of $214.55 and a 200 day moving average price of $220.78.

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

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the sale, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 28,200 shares of company stock valued at $6,140,644. 0.60% of the stock is currently owned by insiders.

Institutional Trading of TE Connectivity

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in TE Connectivity by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 38,421,283 shares of the electronics maker’s stock valued at $8,741,226,000 after acquiring an additional 168,142 shares during the last quarter. State Street Corp raised its stake in TE Connectivity by 0.6% during the 4th quarter. State Street Corp now owns 13,105,219 shares of the electronics maker’s stock valued at $2,981,572,000 after acquiring an additional 76,292 shares during the last quarter. Geode Capital Management LLC raised its stake in TE Connectivity by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock valued at $1,425,669,000 after acquiring an additional 161,967 shares during the last quarter. Bank of America Corp DE raised its stake in TE Connectivity by 27.5% during the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock valued at $1,058,390,000 after acquiring an additional 1,352,152 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in TE Connectivity by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker’s stock valued at $1,001,907,000 after acquiring an additional 144,353 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

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.