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GALWAY, Ireland - TE Connectivity plc (NYSE: TEL), a global industrial technology leader currently valued at $42.2 billion, has declared a quarterly cash dividend of $0.71 per ordinary share, marking a 9% increase from the previous quarter’s dividend. The new dividend is scheduled to be paid on June 10, 2025, to shareholders on record as of May 21, 2025. According to InvestingPro data, TEL has maintained dividend payments for 19 consecutive years and raised them for 14 straight years, demonstrating strong commitment to shareholder returns.
The dividend increase follows the company’s annual general meeting on March 12, where shareholders approved the reelection of all 12 board members. This endorsement comes as TE Connectivity continues to focus on providing connectivity and sensor solutions across various industries, including transportation, energy, industrial automation, data centers, and medical technology. Trading near its 52-week low at $141.22, InvestingPro analysis suggests the stock is currently undervalued, with strong financial health metrics including a healthy 1.68 current ratio and moderate debt levels.
With a workforce of over 85,000 employees globally, including 9,000 engineers, TE Connectivity emphasizes its commitment to ensuring reliable connections in an increasingly interconnected world.
This information is based on a press release statement from TE Connectivity plc.
In other recent news, TE Connectivity has reported several notable developments. The company announced its fiscal second quarter 2025 earnings per share (EPS) of $1.95, surpassing the consensus by approximately 2.4%, despite softer-than-expected revenue. UBS has responded by raising its price target for TE Connectivity to $188, maintaining a Buy rating, citing the company’s strong performance in the Transportation Solutions segment. Meanwhile, Baird analysts also increased their price target to $168, highlighting the stabilization in industrial equipment and growth in AI and non-AI cloud applications as positive indicators for the company.
TE Connectivity has also made headlines with its agreement to acquire Richards Manufacturing Co. for $2.3 billion, aimed at enhancing its product range in the U.S. energy market. S&P Global has affirmed TE Connectivity’s ’A-’ credit rating, noting that the acquisition is not expected to impact the company’s rating due to its strong financial position. Additionally, TD Cowen maintained a Buy rating with a $165 price target, emphasizing the company’s resilience and growth potential in the automotive and industrial sectors.
These recent developments reflect TE Connectivity’s strategic positioning and adaptability in the market. The company’s diverse business interests and ability to navigate challenges in key sectors suggest sustained growth potential. Analysts have noted that TE Connectivity’s performance and strategic moves, such as the Richards Manufacturing acquisition, support the company’s positive outlook and market positioning.
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