Tyco Announces Quarterly Dividend, Proposes Increase To Annual Dividend
Date Set for 2013 Annual General Meeting of Shareholders
SCHAFFHAUSEN, Switzerland, Dec. 21, 2012
SCHAFFHAUSEN, Switzerland, Dec. 21, 2012 /PRNewswire/ -- 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.
"The dividend increase reflects our confidence in the strength of Tyco's
businesses and our ability to generate strong cash flow," said Tyco Chief
Executive Officer George Oliver. "This action is also consistent with our
capital allocation strategy to invest in our businesses, make selective
acquisitions and return excess cash to shareholders."
Tyco also announced that its 2013 annual general meeting of shareholders will
be held on Wednesday, March 6, 2013 at 3:00 p.m. Central European time at the
Park Hyatt Zurich Hotel, Beethoven-Strasse 21, 8002 Zurich, Switzerland.
Shareholders of record as of January 7, 2013 will be entitled to vote at the
annual general meeting. Additionally, individuals who request to become
registered shareholders after the record date but prior to March 1, 2013, may
also attend and vote those shares at the meeting, subject to certain
Tyco (NYSE: TYC) is the world's largest pure-play fire protection and security
company. Tyco provides more than three million customers around the globe with
the latest fire protection and security products and services. A company with
$10+ billion in revenue, Tyco has more than 70,000 employees in more than
1,000 locations across 50 countries serving various end markets, including
commercial, institutional, governmental, retail, industrial, energy,
residential and small business. For more information, visitthe new
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Franzen, +1-609-720-4665, Afranzen@tyco.com, or Joe Longo, +1-609-720-4545,
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