Amphenol (NYSE: APH) declared a quarterly dividend of $0.29 per share, or $1.16 annualized. This is a 16% increase from the prior dividend of $0.25.

The dividend will be payable on January 6, 2021, to stockholders of record on December 15, 2020, with an ex-dividend date of December 14, 2020.

The annual yield on the dividend is 1 percent.

“It is extremely rewarding that even in this challenging environment the Company’s experienced management team continued to react quickly to capitalize on opportunities to reach these new record levels of revenue and earnings. In addition, third quarter operating margins significantly improved from the second quarter, reaching a very strong 20.5%, and operating cash flow was $398 million, a clear confirmation of the quality of the Company’s earnings. The Company continues to deploy its financial strength in a variety of ways to increase shareholder value. To that end, the Company purchased 1.9 million shares of its common stock during the quarter for $202 million and paid dividends of $75 million. In addition, the Board of Directors has approved a 16% increase in our quarterly dividend, from $0.25 to $0.29 per share.”

For a dividend history and other dividend-related data on Amphenol (APH) click here.