TE Connectivity Ltd. to Issue Quarterly Dividend of $0.71 (NYSE:TEL)

Key Points

• TE Connectivity Ltd. announced a quarterly dividend of $0.71 per share, set to be paid on December 12, 2023, to investors of record as of November 21, 2023, representing a yield of 1.3%.
• The company has a dividend payout ratio of 31.5%, indicating it can cover its $2.84 annual dividend with anticipated earnings of $8.91 per share next year.
• TE Connectivity's stock has a market capitalization of $62.20 billion, with a recent trading price of $210.49 and a one-year high of $212.76.

TE Connectivity Ltd. (NYSE:TEL - Get Free Report) announced a quarterly dividend on Wednesday, September 10th, RTT News reports. Investors of record on Friday, November 21st will be given a dividend of 0.71 per share by the electronics maker on Friday, December 12th. This represents a c) dividend on an annualized basis and a yield of 1.3%.

TE Connectivity has a payout ratio of 31.5% 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 $2.84 annual dividend with an expected future payout ratio of 31.9%.

TE Connectivity Price Performance

NYSE:TEL traded up $1.84 on Wednesday, reaching $210.49. The stock had a trading volume of 1,359,271 shares, compared to its average volume of 1,470,450. TE Connectivity has a 1-year low of $116.30 and a 1-year high of $212.76. The stock has a fifty day moving average price of $196.87 and a 200-day moving average price of $166.60. The company has a market capitalization of $62.20 billion, a P/E ratio of 43.58, a price-to-earnings-growth ratio of 2.48 and a beta of 1.23. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the firm posted $1.91 earnings per share. TE Connectivity's revenue for the quarter was up 13.9% compared to the same quarter last year. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Research analysts forecast that TE Connectivity will post 8.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. UBS Group lifted their target price on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Truist Financial raised their price target on TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Citigroup upped their price target on shares of TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Bank of America increased their price target on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $199.55.

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.

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