Tyco Declares $0.15/Share Qtr. Dividend, Proposes 7% Increase in Annual Dividend
The Board of Directors of Tyco (NYSE: TYC) has declared a quarterly dividend of $0.15 per share, payable on February 20, 2013 to shareholders of record at the close of business on January 25, 2013.
Additionally, the board has recommended that shareholders approve an annual dividend of $0.64 per share at the company's annual general meeting of shareholders to be held on March 6, 2013. The proposed $0.64 annual dividend represents an approximate 7 percent increase over the post-separation annualized dividend of $0.60 approved by shareholders at the special general meeting in September 2012.
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