TE Connectivity Ltd. (NYSE:TEL) Declares $0.71 Quarterly Dividend

TE Connectivity Ltd. (NYSE:TEL) 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 1.3%. The ex-dividend date of this dividend is Friday, November 21st.

TE Connectivity has a dividend payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.2%

NYSE:TEL opened at $212.80 on Friday. The company has a market capitalization of $62.88 billion, a PE ratio of 44.06, a price-to-earnings-growth ratio of 2.50 and a beta of 1.23. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. TE Connectivity has a 52-week low of $116.30 and a 52-week high of $215.22. The stock has a fifty day simple moving average of $197.64 and a 200-day simple moving average of $167.01.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.19. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, equities research analysts expect that TE Connectivity will post 8.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the transaction, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,272,868.24. The trade was a 47.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John S. Jenkins sold 45,850 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $209.33, for a total value of $9,597,780.50. Following the transaction, the executive vice president directly owned 24,625 shares in the company, valued at $5,154,751.25. This trade represents a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,645 shares of company stock valued at $27,267,158. 0.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On TE Connectivity

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in TE Connectivity by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock worth $6,458,766,000 after acquiring an additional 410,910 shares in the last quarter. Dodge & Cox lifted its position in TE Connectivity by 6.3% during the 2nd quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock worth $2,874,104,000 after acquiring an additional 1,017,323 shares in the last quarter. State Street Corp raised its position in shares of TE Connectivity by 0.8% in the 2nd quarter. State Street Corp now owns 12,928,733 shares of the electronics maker’s stock valued at $2,180,693,000 after purchasing an additional 100,040 shares in the last quarter. Wellington Management Group LLP raised its position in shares of TE Connectivity by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker’s stock valued at $1,054,133,000 after purchasing an additional 1,097,035 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of TE Connectivity by 7.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,028,380 shares of the electronics maker’s stock valued at $1,185,474,000 after purchasing an additional 464,853 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

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.