TE Connectivity Ltd. (NYSE:TEL) Announces $0.65 Dividend

TE Connectivity Ltd. (NYSE:TEL - Get Free Report) announced a dividend on Tuesday, November 19th,investing.com reports. Investors of record on Monday, November 25th will be paid a dividend of 0.65 per share by the electronics maker on Friday, December 6th. This represents a dividend yield of 1.75%. The ex-dividend date is Friday, November 22nd.

TE Connectivity has raised its dividend by an average of 7.0% annually over the last three years. TE Connectivity has a dividend payout ratio of 32.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TE Connectivity to earn $8.91 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 29.2%.

TE Connectivity Price Performance

TE Connectivity stock traded down $1.41 during mid-day trading on Tuesday, reaching $146.95. The company had a trading volume of 1,813,495 shares, compared to its average volume of 1,826,754. The company has a market capitalization of $43.96 billion, a P/E ratio of 14.45, a P/E/G ratio of 2.02 and a beta of 1.33. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.61 and a quick ratio of 1.08. The stock's 50-day simple moving average is $148.57 and its 200-day simple moving average is $149.42. TE Connectivity has a 1 year low of $128.52 and a 1 year high of $159.98.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.95. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4 billion. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The company's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 EPS. On average, equities analysts predict that TE Connectivity will post 8.13 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TEL shares. Wolfe Research raised TE Connectivity from a "peer perform" rating to an "outperform" rating in a research note on Thursday, September 5th. StockNews.com initiated coverage on shares of TE Connectivity in a research report on Saturday. They set a "buy" rating on the stock. Bank of America dropped their price objective on shares of TE Connectivity from $173.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. The Goldman Sachs Group reduced their target price on shares of TE Connectivity from $189.00 to $179.00 and set a "buy" rating on the stock in a report on Tuesday, October 1st. Finally, Hsbc Global Res downgraded TE Connectivity from a "hold" rating to a "moderate sell" rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $159.55.

TE Connectivity declared that its Board of Directors has approved a stock repurchase program on Wednesday, October 30th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the electronics maker to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor 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.