New Dividend: 21 cents quarterly (per share)
Dividend Percent Increase: 16.7%Current Yield: 2.66% TE Connectivity (TEL - Get Report) shareholders got a first hand taste of the firm's dividend generosity on Wednesday when shares went ex-dividend. The firm increased its payout for the quarter by 16.7% last week, bringing it to 21 cents per share. More significant, this week's payout marks the first post-recession raise for investors counting on dividend payouts to tack returns on in 2012. >>5 Stocks to Buy Instead of Dell TE Connectivity is the biggest maker of connectors in the world, a title that doesn't sound particularly impressive at first -- but it is. TEL's connectors are used in almost every industrial application conceivable, a factor that's helped the firm generate ample free cash flows over the last several years. That cash should keep the dividends flowing for the foreseeable future. TEL makes a good secondary holding for income investors in search of industrial exposure.
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