TE Connectivity Ltd. (NYSE:TEL) Announces Quarterly Dividend of $0.78

TE Connectivity Ltd. (NYSE:TEL) declared a quarterly dividend on Wednesday, September 16th. Investors of record on Friday, November 20th will be paid a dividend of 0.78 per share by the electronics maker on Friday, December 11th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, November 20th.

TE Connectivity has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 12 years. TE Connectivity has a 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 Up 0.3%

Shares of TE Connectivity stock opened at $202.03 on Thursday. TE Connectivity has a 1 year low of $190.27 and a 1 year high of $252.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. The business has a 50 day moving average price of $206.62 and a 200 day moving average price of $208.91. The company has a market capitalization of $58.49 billion, a P/E ratio of 19.81, a P/E/G ratio of 1.35 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. TE Connectivity’s quarterly revenue was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Sell-side analysts anticipate that TE Connectivity will post 11.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on TEL shares. UBS Group reaffirmed a “buy” rating and set a $241.00 price objective on shares of TE Connectivity in a research note on Thursday, July 23rd. Evercore restated an “in-line” rating and issued a $230.00 target price on shares of TE Connectivity in a report on Monday, June 22nd. Zacks Research cut shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Barclays lifted their price target on shares of TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of TE Connectivity in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and an average price target of $252.00.

TE Connectivity Company Profile

TE Connectivity Ltd. (NYSE: TEL) designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.