Power management specialist TE Connectivity will pay a third-quarter dividend of $0.25 per share, a 19% increase over the $0.21-per-share payout made last quarter, the company announced yesterday.
The board of directors said the quarterly dividend is payable on June 14 to the holders of record at the close of business on May 31. TE Connectivity has paid a dividend every quarter since 2008 from when it used to be known as Tyco Electronics.
The regular dividend payment equates to a $1.00-per-share annual dividend yielding 2.2% based on the closing price of TE Connectivity's stock on May 16.
The article TE Connectivity Raises Q3 Dividend to $0.25 originally appeared on Fool.com.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.