Eaton Increases Dividend by 12 Percent

Published on Thursday, 26 January 2012 07:14 Written by TradersHuddle Staff

As announced in today’s fourth quarter 2011 earnings release, the Board of Directors of diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today declared a 12 percent increase in the quarterly dividend from $.34 per common share to $.38 per common share.

The dividend is payable February 24, 2012 to shareholders of record at the close of business on February 6, 2012. Eaton has paid dividends on its common shares every year since 1923.

Eaton Corporation is a diversified power management company with more than 100 years of experience providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. With 2011 sales of $16.0 billion, Eaton is a global technology leader in electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 73,000 employees and sells products to customers in more than 150 countries. For more information, visit www.eaton.com.