TE Connectivity's board approves recommendation to raise annualized dividend

|About: TE Connectivity Ltd. (TEL)|By:, SA News Editor

TE Connectivity (NYSE:TEL) board approved 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 Q3.

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 AGM on March 8, 2017.

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