Tyco Electronics Increases Quarterly Cash Dividend

Tag : electronics

PEMBROKE, Bermuda , Sept. 23 /PRNewswire-FirstCall/ -- The Board of Directors of TycoElectronics Ltd. (NYSE: TEL; BSX: TEL) has approved an increase ofthe 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 resultssince separation and the company's strong financial position."
ABOUT TYCO ELECTRONICS
Tyco Electronics Ltd. is a leading global provider of engineeredelectronic components, network solutions, underseatelecommunication systems and wireless systems, with 2007 sales of $13.0 billion to customers in more than 150 countries. We design, manufactureand market products for customers in industries from automotive,appliance and aerospace and defense to telecommunications,computers and consumer electronics. With over 7,000 engineers andworldwide manufacturing, sales and customer service capabilities,Tyco Electronics' commitment is our customers' advantage. Moreinformation on Tyco Electronics can be found at www.tycoelectronics.com .
FORWARD-LOOKING STATEMENTS
This release may contain certain "forward-lookingstatements" within the meaning of the United States PrivateSecurities Litigation Reform Act of 1995. These statements arebased on management's current expectations and are subject torisks, uncertainty and changes in circumstances, which may causeactual results, performance or achievements to differ materiallyfrom anticipated results, performance or achievements. Allstatements contained herein that are not clearly historical innature are forward-looking and the words "anticipate,""believe," "expect," "estimate,""plan," and similar expressions are generally intended toidentify forward-looking statements. The forward-looking statementsin this release include statements addressing the followingsubjects: future financial condition and operating results.Economic, business, competitive and/or regulatory factors affectingTyco Electronics' businesses are examples of factors, among others,that could cause actual results to differ materially from thosedescribed in the forward- looking statements. Tyco Electronics hasno intention and is under no obligation to update or alter (andexpressly disclaims any such intention or obligation to do so) itsforward-looking statements whether as a result of new information,future events or otherwise, except to the extent required by law.More detailed information about these and other factors is setforth in Tyco Electronics' Annual Report on Form 10-K for thefiscal year ended September 28, 2007 , as retrospectively adjusted to reflect the Radio FrequencyComponents and Subsystem and Automotive Sensors businesses asdiscontinued operations in the Company's Current Report on Form 8-Kfiled June 27, 2008 , and Quarterly Reports on Form 10-Q for the quarterly periodsended December 28, 2007 , March 28, 2008 and June 27, 2008 , as well as in current reports on Form 8-K filed by TycoElectronics.
SOURCE Tyco Electronics Ltd.
For further information: Media Relations: Sheri Woodruff,+1-610-893-9555, Office, or +1-609-933-9243, Mobile,swoodruff@tycoelectronics.com, or Investor Relations: John Roselli,+1-610-893-9559, Office, john.roselli@tycoelectronics.com, or KeithKolstrom, +1-610-893-9551, Office,keith.kolstrom@tycoelectronics.com, all of Tyco
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