Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
TTM Technologies, Inc. (NASDAQ: TTMI) is a global manufacturer of advanced printed circuit boards (PCBs) and radio frequency (RF) components, serving technology-intensive industries. The company operates primarily within the electronics manufacturing and components sector, supplying critical interconnect and signal-processing solutions used in complex electronic systems. Its core revenue drivers are high-reliability PCBs and RF/microwave components used in demanding applications.
TTM’s key customer segments include aerospace and defense, data center computing, networking, automotive, medical, and industrial electronics markets. The company is positioned as a strategic supplier for customers requiring high-layer-count, high-speed, and mission-critical PCB solutions, as well as RF components for wireless infrastructure and defense systems. TTM was founded in 1978 as Timeplex, Inc. and later rebranded as TTM Technologies, Inc. in 2000, evolving through organic expansion and acquisitions into one of the largest PCB manufacturers globally.
Business Operations
TTM Technologies operates through two primary business segments: Printed Circuit Boards and RF & Specialty Components. The Printed Circuit Boards segment designs, manufactures, and assembles advanced PCBs, including rigid, flexible, and rigid-flex products, which represent the majority of company revenue. The RF & Specialty Components segment focuses on RF, microwave, and millimeter-wave components, primarily through its Anaren, Inc. subsidiary.
Operations span both domestic and international manufacturing facilities, with significant production capabilities in North America and Asia. TTM controls specialized manufacturing assets, including high-layer-count PCB fabrication technologies and RF design and testing capabilities. The company maintains long-term relationships with leading original equipment manufacturers and defense contractors, and it operates multiple wholly owned subsidiaries rather than material joint ventures.
Strategic Position & Investments
TTM’s strategic direction emphasizes serving high-growth, high-complexity end markets such as data center computing, aerospace and defense electronics, and advanced networking infrastructure. Growth initiatives include continued investment in advanced PCB technologies, such as high-speed signal integrity and miniaturization, as well as expanding RF component capabilities for 5G, aerospace, and defense applications.
A key strategic investment was the acquisition of Anaren, Inc., which significantly expanded TTM’s presence in RF and microwave components and diversified its revenue base beyond traditional PCB manufacturing. The company continues to allocate capital toward upgrading manufacturing capacity, improving automation, and supporting emerging technologies that require higher reliability and performance.
Geographic Footprint
TTM Technologies is headquartered in North America, with its corporate headquarters in the United States. The company maintains a broad manufacturing and operational presence across North America, China, and other parts of the Asia-Pacific region, reflecting its global customer base and supply chain strategy.
Its international footprint enables TTM to support multinational customers and participate in global electronics manufacturing ecosystems. The company’s operations in Asia primarily support high-volume manufacturing, while North American facilities focus on advanced, high-reliability, and defense-related products subject to regulatory and security requirements.
Leadership & Governance
TTM Technologies is led by an executive team with extensive experience in electronics manufacturing, operations, and capital allocation. Leadership emphasizes operational excellence, disciplined investment, and long-term customer partnerships, particularly in regulated and mission-critical markets.
Key executives include:
- Tom Edman – President and Chief Executive Officer
- Dan Weber – Executive Vice President and Chief Financial Officer
- Kent Alder – Executive Vice President, Operations
- Kevin Walsh – Executive Vice President, Commercial Business
Public disclosures indicate consistency in strategic vision centered on technology leadership, manufacturing scale, and disciplined financial management. Certain executive roles and titles may vary slightly across reporting periods; data inconclusive based on available public sources where discrepancies exist.