TE Connectivity (TEL) Board Approves 8.1% Dividend Hike

The TE Connectivity Ltd. (NYSE: TEL) Board of Directors today approved a recommendation to increase the company's quarterly dividend from $0.37 to $0.40 per share, for the four fiscal quarters starting in April 2017, the beginning of the third fiscal quarter. The recommendation would raise the company's dividend from the annual rate of $1.48 per share to $1.60 per share, and will be presented for shareholder approval at the company's Annual General Meeting of Shareholders on March 8, 2017. The recommendation represents the seventh consecutive year of increases to the company's annual dividend rate.

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