Sensata Technologies Board Approves Quarterly Dividend of $0.11 per share
April 26 2022 - 4:55AM
Business Wire
Sensata Technologies (NYSE: ST), a leading industrial technology
company and provider of sensor-rich solutions and insights for
customers, today announced that its Board of Directors approved the
implementation of a quarterly dividend in the amount of $0.11 per
share. The Company will pay this second quarter 2022 dividend on
May 25, 2022 to shareholders of record as of May 11, 2022.
“Sensata is in a very strong position financially, with over
$1.6 billion of cash on our balance sheet and strong expected free
cash flows,” said Paul Vasington, EVP and CFO at Sensata
Technologies. “In addition to our capital deployment strategy of
enabling acquisitions to support our growth vectors in
Electrification and Insights / IoT, Sensata is returning capital to
shareholders in the form of share repurchases and through an
ongoing dividend.”
About Sensata Technologies
Sensata Technologies is a global industrial technology company
striving to create a cleaner, more efficient, electrified and
connected world. Through its broad portfolio of sensors, electrical
protection components and sensor-rich solutions which create
valuable business insights, Sensata helps its customers address
increasingly complex engineering and operating performance
requirements. With more than 21,000 employees and global operations
in 13 countries, Sensata serves customers in the automotive, heavy
vehicle & off-road, industrial, and aerospace markets. Learn
more at www.sensata.com and follow us on LinkedIn, Facebook and
Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20220426005428/en/
Investors: Jacob Sayer +1 (508) 236-1666
jsayer@sensata.com
Media: Alexia Taxiarchos +1 (617) 259-8172
ataxiarchos@sensata.com
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