TE Connectivity Declares Q4 Dividend
Aug 16th 2013 8:11PM
Updated Aug 16th 2013 8:14PM
TE Connectivity has managed to wire up another dividend. The Switzerland-based company has declared a payout of $0.25 per share for its current fiscal Q4 2013. This is to be dispensed on September 13 to shareholders of record as of August 30. That amount matches the firm's previous distribution, which was handed out in June. Prior to that, TE Connectivity paid $0.04 less, or $0.21 per share.
The just-declared dividend annualizes to an even $1.00 per share. That yields just over 2% at TE Connectivity's most recent closing stock price of $49.40.
The fresh distribution comes several weeks after the company posted encouraging Q3 results. For the quarter, it took in revenues of $3.45 billion, and netted $372 million ($0.88 per diluted share) on an adjusted basis. Both figures beat analyst estimates.
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