Tyco Announces 14% Dividend Increase

Tyco International Plc. said Wednesday its board of directors approved a 14% dividend increase to 20.5 cents a share from 18 cents a share. The dividend for the third quarter of fiscal 2015 will be payable on May 20 to shareholders of record at the close of trading on April 24, the security and fire protection company said. Shares of Tyco were modestly lower in after-hours trading Wednesday.