TE Connectivity Ltd (NYSE:TEL) declared a quarterly dividend on Wednesday, May 8th, RTT News reports. Stockholders of record on Friday, May 24th will be paid a dividend of 0.46 per share by the electronics maker on Friday, June 7th. This represents a $1.84 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, May 23rd. This is an increase from TE Connectivity’s previous quarterly dividend of $0.44.
Shares of TE Connectivity stock opened at $89.27 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. TE Connectivity has a 52-week low of $69.84 and a 52-week high of $99.52. The company has a market capitalization of $30.16 billion, a PE ratio of 15.91, a PEG ratio of 1.49 and a beta of 1.10.
TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, April 24th. The electronics maker reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.15. The firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.36 billion. TE Connectivity had a net margin of 20.17% and a return on equity of 18.78%. The business’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the business earned $1.42 earnings per share. As a group, analysts predict that TE Connectivity will post 5.61 EPS for the current year.
TEL has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Monday, April 29th. ValuEngine upgraded shares of TE Connectivity from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $94.43.
About TE Connectivity
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors 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.
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