TE Connectivity Ltd. (TEL) To Go Ex-Dividend on August 21st

TE Connectivity Ltd. (NYSE:TEL) announced 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) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st.

TE Connectivity has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. TE Connectivity has a dividend payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 2.8%

TEL stock opened at $207.62 on Friday. TE Connectivity has a twelve month low of $162.17 and a twelve month high of $252.56. The company has a market cap of $60.60 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.43 and a beta of 1.16. The business’s 50-day simple moving average is $214.53 and its 200 day simple moving average is $220.70. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42.

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

TE Connectivity declared that its Board of Directors has approved a share repurchase program on Wednesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the electronics maker to buy up to 5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are 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.