Thursday, Tyco International Ltd. (TYC) said its board of directors declared a quarterly dividend of CHF 0.22 per share, payable on May 26, 2010 to shareholders of record at the close of business on April 30, 2010, subject to a required filing with the Swiss Commercial Register.
The company noted that the dividend of CHF 0.22 per share is the first installment of an annual dividend of CHF 0.90 per share approved by shareholders at the Annual General Meeting of Shareholders held yesterday. The CHF 0.90 annual dividend, to be paid over the next four quarters, is the Swiss Franc equivalent of Tyco's planned annual dividend of $0.84 per share. The dividend will be paid in U.S. Dollars converted from Swiss Francs at the USD/CHF exchange rate in effect around one week prior to the payment date.
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