SCHAFFHAUSEN, Switzerland, Jan. 15 /PRNewswire-FirstCall/ -- Tyco International (NYSE: TYC) announced today that its board of directors has recommended that its shareholders approve an annual Swiss Franc dividend equal to $0.84 at the company's annual general meeting of shareholders on March 10, 2010. The proposed $0.84 dividend is equal to 0.85 Swiss Francs as of January 11, 2010 and represents a five percent increase over the $0.80 dividend approved by shareholders in 2009. The proposed dividend will be paid in the form of a capital reduction and will be distributed in four quarterly installments throughout the year.
The proposed dividend will be denominated in Swiss Francs. The Swiss Franc amount will be determined based on the USD/CHF exchange rate in effect on March 8, 2010 so that the amount of the capital reduction is at least the Swiss Franc equivalent of $0.84 on such date. The adjusted amount will be announced prior to the annual general meeting.
ABOUT TYCO INTERNATIONAL
Tyco International Ltd. (NYSE: TYC) is a diversified, global company that provides vital products and services to customers around the world. Tyco is a leading provider of security products and services, fire protection and detection products and services, valves and controls, and other industrial products. Tyco had 2009 revenue of more than $17 billion and has more than 100,000 employees worldwide. More information on Tyco can be found at www.tyco.com.
SOURCE Tyco International Ltd.