PEMBROKE, Bermuda, Sept. 23 /PRNewswire-FirstCall/ The Board of Directors of Tyco Electronics Ltd. (NYSE: TEL)(BSX: TEL) has approved an increase of the company's quarterly cash dividend from $0.14 to $0.16 per common share an increase of 14 percent. The new $0.16 per share dividend is payable on Nov. 4, 2008, to shareholders of record as of Oct. 14, 2008.
Tyco Electronics Chief Executive Officer (CEO) Tom Lynch said, "This dividend increase reflects our solid results since separation and the company's strong financial position."
ABOUT TYCO ELECTRONICS
Tyco Electronics Ltd. is a leading global provider of engineered electronic components, network solutions, undersea telecommunication systems and wireless systems, with 2007 sales of $13.0 billion to customers in more than 150 countries. We design, manufacture and market products for customers in industries from automotive, appliance and aerospace and defense to telecommunications, computers and consumer electronics. With over 7,000 engineers and worldwide manufacturing, sales and customer service capabilities, Tyco Electronics' commitment is our customers' advantage. More information on Tyco Electronics can be found at http://www.tycoelectronics.com/.