By Colin Kellaher

TE Connectivity Ltd. on Friday said its board approved a recommendation to raise the quarterly dividend by 5.4%, to 59 cents a share from 56 cents, for the four fiscal quarters starting in April.

The new quarterly rate, equal to $2.36 a year, would represent an annual yield of about 1.93% based on Thursday's closing price of $122.13, up from about 1.83%.

The Schaffhausen, Switzerland, industrial-technology company said it will present the dividend increase for shareholder approval at its annual general meeting in March.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

December 09, 2022 06:32 ET (11:32 GMT)

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