TE Connectivity Board Approves 5.4% Dividend Increase

By Colin Kellaher

TE Connectivity Ltd. on Friday said its board approved a recommendation to raise the quarterly dividend by 5.4%, to 59 cents a share from 56 cents, for the four fiscal quarters starting in April.

The new quarterly rate, equal to $2.36 a year, would represent an annual yield of about 1.93% based on Thursday's closing price of $122.13, up from about 1.83%.

The Schaffhausen, Switzerland, industrial-technology company said it will present the dividend increase for shareholder approval at its annual general meeting in March.

Write to Colin Kellaher at [e-mail]

(END) Dow Jones Newswires

12-09-22 0632ET