TE Connectivity (TEL) will raise its quarterly dividend by 4.3 percent to $0.48 per share in 2020. This follows a 4.5 percent dividend hike by the technology and manufacturing company last year and marks the 10th consecutive year of dividend increases.

The next dividend is payable on June 5, 2020, to shareholders of record at the close of business on May 22, 2020. A new annual rate of $1.92 per share yields 2.5% at a stock price of $76.75.

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. The company has paid a dividend to shareholders every year since 2007.