Tyco International Ltd. Declares Quarterly Dividend of $0.16 (TYC)
Tyco International (NYSE:TYC) announced a quarterly dividend on Thursday, September 12th, AnalystRatings.Net reports. Shareholders of record on Friday, October 25th will be paid a dividend of $0.16 per share on Thursday, November 14th. This represents a $0.64 annualized dividend and a dividend yield of 1.87%.
TYC has been the subject of a number of recent research reports. Analysts at Sanford C. Bernstein reiterated a “buy” rating on shares of Tyco International (NYSE:TYC) in a research note to investors on Tuesday, August 27th. They now have a $44.00 price target on the stock. On the ratings front, analysts at Argus raised their price target on shares of Tyco International (NYSE:TYC) from $38.00 to $40.00 in a research note to investors on Tuesday, August 27th. They now have a “buy” rating on the stock. Finally, analysts at Barclays Capital upgraded shares of Tyco International (NYSE:TYC) to a “best ideas list” rating in a research note to investors on Monday, August 19th.
Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $37.83.
Shares of Tyco International (NYSE:TYC) traded down 1.08% during mid-day trading on Thursday, hitting $33.84. 1,432,862 shares of the company’s stock traded hands. Tyco International has a 52-week low of $26.17 and a 52-week high of $35.95. The stock’s 50-day moving average is $34.37 and its 200-day moving average is $33.23. The company’s market cap is $15.644 billion.
Tyco International (NYSE:TYC) last released its earnings data on Friday, July 26th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.02. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Analysts expect that Tyco International will post $1.84 EPS for the current fiscal year.
Tyco International Ltd is a Switzerland-based holding company of Tyco Group. The Tyco Group (NYSE:TYC) is a diversifies, global provider of diversified products ranging from electronic security and alarm monitoring to fire-fighting equipment and breathing apparatus, water purification and flow control solutions.
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