TE Connectivity Ltd. (TEL) to Distribute Quarterly Dividend of $0.78 on September 11th

TE Connectivity Ltd. (NYSE:TEL) declared a quarterly dividend on Wednesday, June 10th. Stockholders 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 dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st.

TE Connectivity has raised its dividend by an average of 0.1%annually 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 $13.06 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 23.9%.

TE Connectivity Trading Down 5.6%

Shares of TEL stock opened at $205.13 on Wednesday. TE Connectivity has a 12 month low of $190.27 and a 12 month high of $252.56. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The company has a market cap of $59.39 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.45 and a beta of 1.16. The business’s 50 day moving average is $206.81 and its two-hundred day moving average is $212.53.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping the consensus estimate of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the previous year, the business earned $2.27 EPS. TE Connectivity’s revenue was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Equities analysts predict that TE Connectivity will post 11.48 EPS for the current year.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity 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 in the company, valued at $5,584,840. This trade represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TE Connectivity

Several institutional investors have recently modified their holdings of TEL. Gulf International Bank UK Ltd raised its stake in shares of TE Connectivity by 0.3% during the 4th quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock valued at $3,412,000 after buying an additional 44 shares during the last quarter. MCF Advisors LLC boosted its stake in TE Connectivity by 14.1% during the 4th quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock worth $83,000 after purchasing an additional 45 shares during the last quarter. CYBER HORNET ETFs LLC increased its holdings in shares of TE Connectivity by 5.6% in the fourth quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock valued at $202,000 after purchasing an additional 47 shares during the last quarter. Harbour Investments Inc. raised its holdings in shares of TE Connectivity by 4.2% during the 4th quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock worth $271,000 after acquiring an additional 48 shares during the period. Finally, Security National Bank of SO Dak raised its stake in TE Connectivity by 0.5% during the second quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock worth $1,833,000 after purchasing an additional 50 shares during the period. Institutional investors own 91.43% of the company’s stock.

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.