Eaton Increases Dividend 16 Percent to $.58 Per Share; Payable August 27, 2010
July 21 2010 - 8:35AM
Business Wire
As announced today in the second quarter 2010 earnings news
release of diversified industrial manufacturer Eaton Corporation
(NYSE:ETN), the company’s Board of Directors has declared a
quarterly dividend of $.58 per share. This represents a 16 percent
increase over the previous quarterly dividend of $.50 per share.
The dividend is payable on August 27, 2010, to shareholders of
record at the close of business on August 9, 2010. Eaton has paid
dividends on common shares every year since 1923.
Eaton Corporation is a diversified power management company with
2009 sales of $11.9 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 70,000 employees and
sells products to customers in more than 150 countries. For more
information, visit www.eaton.com.
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