TE Connectivity Announces Quarterly Dividend of $0.25 (TEL)
TE Connectivity (NYSE:TEL) announced a quarterly dividend on Thursday, February 13th, Analyst Ratings News reports. Investors of record on Friday, February 28th will be paid a dividend of 0.25 per share on Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.75%.
A number of research firms have recently commented on TEL. Analysts at RBC Capital raised their price target on shares of TE Connectivity from $61.00 to $67.00 in a research note on Thursday, January 23rd. They now have an “outperform” rating on the stock. On a related note, analysts at Cross Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, analysts at Goldman Sachs downgraded shares of TE Connectivity from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $56.00.
TE Connectivity (NYSE:TEL) opened at 57.10 on Thursday. TE Connectivity has a one year low of $38.75 and a one year high of $61.14. The stock’s 50-day moving average is $55.96 and its 200-day moving average is $52.84. The company has a market cap of $23.424 billion and a P/E ratio of 17.73.
TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that TE Connectivity will post $3.77 EPS for the current fiscal year.
In other TE Connectivity news, Insider Joan Wainwright unloaded 126,834 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $57.00, for a total value of $7,229,538.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
TE Connectivity Ltd., formerly Tyco Electronics Ltd., designs and manufactures over 500,000 products that connect and protect the flow of power and data inside various products.
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