WALLINGFORD - Amphenol Corporation (NYSE: NYSE:APH), a major player in the design and manufacture of electronic and fiber optic connectors, today announced a two-for-one stock split. The company's Board of Directors has approved the split in the form of a stock dividend, which will see shareholders of record as of the close of business on May 31, 2024, receiving one additional share for each share they own on that date.
The additional shares resulting from the stock split are expected to be distributed on June 11, 2024. This move by Amphenol aims to make its shares more accessible to a broader base of investors by increasing the number of outstanding shares and reducing the price per share accordingly.
Amphenol is known for its diverse range of products, including electrical, electronic, and fiber optic connectors, interconnect systems, antennas, sensors, and specialty cables. The company operates in about 40 countries and markets its products through a combination of direct sales, independent representatives, and electronic distributors.
Its reach spans several high-growth sectors such as Automotive, Broadband Communications, Commercial Aerospace, Defense, Industrial, Information Technology and Data Communications, as well as Mobile Devices and Networks.
The press release also contains forward-looking statements regarding the timing of the stock dividend. Still, it is important to note that these statements are subject to various risks and uncertainties, and actual results could differ materially. The company has made it clear that while they have reasonable assumptions for their expectations, there is no guarantee that the anticipated results will be achieved.
This news is based on a press release statement from Amphenol Corporation and is intended to provide shareholders and potential investors with key information about the upcoming stock split. It should be noted that this article does not endorse the company's claims or prospects.
InvestingPro Insights
As Amphenol Corporation (NYSE: APH) gears up for its two-for-one stock split, investors are closely monitoring the company's financial health and market position. According to InvestingPro data, Amphenol currently boasts a robust market capitalization of $80.07 billion, reflecting its significant presence in the electronic components industry. The company's Price/Earnings (P/E) ratio stands at 39.24, suggesting a premium valuation that investors are willing to pay for its earnings potential.
Amphenol's revenue growth over the last twelve months as of Q1 2024 has been modest at 1.52%, with a more pronounced quarterly revenue growth of 9.49% in Q1 2024. This indicates a positive momentum in the company's business operations. The gross profit margin during the same period is a healthy 32.95%, showcasing the company's ability to maintain profitability despite competitive pressures.
Among the InvestingPro Tips, it is notable that Amphenol has raised its dividend for 12 consecutive years and maintained dividend payments for 20 consecutive years, a testament to its commitment to returning value to shareholders.
The company is also recognized for its strong performance, with a high return over the last year and consistent profitability over the last twelve months. Investors may find these aspects particularly compelling when considering the company's long-term growth trajectory.
For those looking to delve deeper into Amphenol's financials and stock performance, InvestingPro offers additional insights and metrics. With over 21 exclusive InvestingPro Tips available, users can gain a more comprehensive understanding of the company's market position and investment potential. To access these insights, consider using the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enriching your investment strategy with valuable data and expert analysis.
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