te connectivity ltd (TEL) Key Developments
TE Connectivity Ltd. Approves to Raise Annualized Dividend
Dec 17 14
TE Connectivity Ltd.'s Board of Directors approved a recommendation to increase the company's quarterly dividend by 14%, from $0.29 to $0.33 per share, for the four fiscal quarters starting in April 2015, the beginning of the third fiscal quarter. The recommendation would raise the company's dividend by 14%, from the annual rate of $1.16 per share to $1.32 per share, and will be presented for shareholder approval at the company's Annual General Meeting of Shareholders on March 3, 2015. The recommendation represents the fifth consecutive year of double-digit increases to the company's annual dividend rate.
TE Connectivity Ltd. Opens New Facility to Design and Manufacture Highly Engineered, Innovative Temperature Sensors in Andover, Minnesota
Dec 11 14
TE Connectivity Ltd. opened its new facility to design and manufacture highly engineered, innovative temperature sensors in Andover, Minnesota. The new 51,350 square foot facility will be one of TE's sensor innovation centers, with a temperature technology center of expertise. The facility will serve customers across several industries and sectors, from industrial solutions to HVAC, medical devices, food preparation, aerospace and defense and beyond. TE's on-site and global network of engineers will offer custom solutions to meet customers' exacting requirements. Fast-paced product development timelines will be met with rapid prototyping as TE co-creates solutions with its customers.
TE Connectivity Ltd. Opens TE Wearables Lab in Menlo Park, California
Dec 1 14
TE Connectivity Ltd. opened its TE Wearables Lab in Menlo Park, California, in the US. Exclusively focused on wearable technologies across consumer, medical, industrial and defense businesses, the lab serves as a collaboration center for TE's team of engineers, scientists and its customers throughout the design process. In addition to working with customers on custom and existing products, the TE Wearables Lab team is also exploring innovations around wireless power and conductivity across textiles, plastics and other materials.
TE Connectivity Mulls Acquisitions
Nov 18 14
TE Connectivity Ltd. (NYSE:TEL) intends to pursue acquisitions. "Our focus is right now to maximize the benefit of the acquisitions we've done, both AST and Measurement and get those fully integrated into the Company and deliver on the business model we put together for the acquisition, but we continue to maintain a very robust M&A pipeline and if the right opportunity arises, we have the wherewithal to do additional acquisitions," Bob Hau, Executive Vice President and Chief Financial Officer, said.
TE Connectivity Ltd. Announces Fiscal 2015 First Quarter Dividend, Payable on December 12, 2014
Nov 17 14
TE Connectivity Ltd. announced that the $0.29 per share quarterly dividend for the first fiscal quarter of 2015 will be payable on December 12, 2014, to shareholders of record at the close of business on November 28, 2014. The dividend was approved by shareholders at the company's annual general meeting held on March 4, 2014.