TE Connectivity (TEL) will raise its quarterly dividend by 4.5 percent to $0.46 per share in the second quarter of 2019. This follows last year's ten percent dividend hike to 44 cents per share.
The next dividend is payable on June 7, 2019, to shareholders of record at the close of business on May 24, 2019. A new annual rate of $1.84 per share yields 2.0% at a stock price of $91.14.
TE Connectivity Ltd. is a technology and manufacturing company. Its connectivity and sensor solutions are used worldwide in transportation, industrial applications, medical technology, energy, data communications, and at home. TEL operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions.