Eaton Increases Dividend by 12 Percent
January 26 2012 - 7:01AM
Business Wire
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.
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