Eaton increases quarterly dividend by 6%

Rhea-AI Summary

Eaton has declared a quarterly dividend of $0.86 per share, a 6% increase from the previous dividend. This dividend is payable on March 24, 2023, to shareholders of record on March 6, 2023. Founded in 1911, Eaton has consistently paid dividends since 1923. The company reported $20.8 billion in revenues for 2022 and operates in over 170 countries. As it celebrates its 100th anniversary on the New York Stock Exchange, Eaton aims to lead in sustainable power management and support the global shifts towards electrification and renewable energy.

Positive

• Declared quarterly dividend increase to $0.86, reflecting a 6% growth.
• Consistent dividend payments since 1923 demonstrate strong financial health.
• Reported revenues of $20.8 billion in 2022, indicating robust business performance.

Negative

• None.

Dividend payable March 24, 2023

DUBLIN--(BUSINESS WIRE)-- The Board of Directors of intelligent power management company Eaton (NYSE:ETN) today declared a quarterly dividend of $0.86 per ordinary share, an increase of 6% over its last quarterly dividend. The dividend is payable March 24, 2023, to shareholders of record at the close of business on March 6, 2023. Eaton has paid dividends on its shares every year since 1923.

Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.

Founded in 1911, Eaton is marking its 100th anniversary of being listed on the New York Stock Exchange. We reported revenues of $20.8 billion in 2022 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230223005670/en/

Jennifer Tolhurst

+1 (440) 523-4006

jennifertolhurst@eaton.com

Source: Eaton

FAQ

What is the dividend amount declared by Eaton?

Eaton declared a quarterly dividend of $0.86 per share.

When is Eaton's dividend payable?

The dividend is payable on March 24, 2023.

What was Eaton's revenue for 2022?

Eaton reported revenues of $20.8 billion for the year 2022.

Since when has Eaton been paying dividends?

Eaton has paid dividends on its shares every year since 1923.

What is the significance of Eaton's 100th anniversary on the NYSE?

Eaton's 100th anniversary on the NYSE marks a century of its commitment to shareholders and business growth.