Tyco Shareholders Approve All Proposals at Annual General Meeting Tyco Board Declares Quarterly Dividend Payment
NEUHAUSEN, Switzerland, March 6, 2014 /PRNewswire/ -- Tyco International Ltd. (NYSE: TYC) announced today that its shareholders approved all proposals presented at the Company's Annual General Meeting held on March 5, 2014, including the election of all director nominees.
Shareholders also approved an annual dividend of $0.72 per share, representing an approximate 13% increase over the current dividend of $0.64. Payment of the dividend is to be made in four quarterly installments of $0.18 from May 2014 through February 2015. The Board of Directors declared the first of these dividend payments to be payable on May 21, 2014, to shareholders of record on April 25, 2014.
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 approximately 65,000 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, visit www.tyco.com.