Eaton Increases Quarterly Dividend by 4 Percent

Rhea-AI Summary

The Board of Directors of power management company Eaton (NYSE:ETN) declared a quarterly dividend of $0.76 per ordinary share, marking a 4% increase from the previous dividend. This dividend is payable on March 30 to shareholders recorded by the close of business on March 16. Eaton has maintained a yearly dividend payout since 1923, reflecting its commitment to shareholder returns. In 2020, Eaton reported revenues of $17.9 billion and operates in over 175 countries, employing around 92,000 people.

Positive

• Quarterly dividend increased by 4%, signaling financial strength.
• Eaton has a long history of consistent dividend payments since 1923.
• Company reported strong revenues of $17.9 billion in 2020.

Negative

• None.

The Board of Directors of power management company Eaton (NYSE:ETN) today declared a quarterly dividend of $0.76 per ordinary share, an increase of 4 percent over its last quarterly dividend. The dividend is payable March 30 to shareholders of record at the close of business on March 16. Eaton has paid dividends on its shares every year since 1923.

Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2020 revenues were $17.9 billion, and we sell products to customers in more than 175 countries. We have approximately 92,000 employees. For more information, visit www.eaton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210224005674/en/

FAQ

What is the recent dividend amount declared by Eaton (ETN)?

Eaton declared a quarterly dividend of $0.76 per ordinary share.

When is the Eaton (ETN) dividend payable?

The Eaton dividend is payable on March 30 to shareholders of record by March 16.

How much has Eaton (ETN) increased its dividend this quarter?

Eaton has increased its dividend by 4% this quarter.

How long has Eaton (ETN) been paying dividends?

Eaton has been paying dividends every year since 1923.

What were Eaton's (ETN) revenues in 2020?

Eaton reported revenues of $17.9 billion in 2020.