Eaton Increases Quarterly Dividend by 7%

Rhea-AI Summary

Eaton (NYSE: ETN) has declared a quarterly dividend of $0.81 per share, marking a 7% increase from the previous dividend. This dividend will be payable on March 31, 2022, to shareholders on record by March 11, 2022. Eaton has maintained a consistent dividend payment history since 1923, reflecting its commitment to shareholder return.

In 2021, Eaton reported revenues of $19.6 billion, serving customers globally in over 170 countries.

Positive

• Declared quarterly dividend of $0.81, a 7% increase.
• Consistent dividend payments since 1923 demonstrate stability.
• 2021 revenue of $19.6 billion indicates strong business performance.

Negative

• None.

Dividend Payable March 31, 2022

DUBLIN--(BUSINESS WIRE)-- The Board of Directors of power management company Eaton (NYSE:ETN) today declared a quarterly dividend of $0.81 per ordinary share, an increase of 7% over its last quarterly dividend. The dividend is payable March 31, 2022, to shareholders of record at the close of business on March 11, 2022. 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 has been listed on the NYSE for nearly a century. We reported revenues of $19.6 billion in 2021 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/20220223005775/en/

Jennifer Tolhurst, +1 (440) 523-4006

jennifertolhurst@eaton.com

Source: Eaton

FAQ

What is Eaton's dividend amount for March 2022?

Eaton's dividend amount for March 2022 is $0.81 per share.

When is Eaton's dividend payable?

Eaton's dividend is payable on March 31, 2022.

What is Eaton's dividend history?

Eaton has paid dividends every year since 1923.

When will the dividend be distributed to shareholders?

The dividend will be distributed to shareholders of record by March 11, 2022.

How much revenue did Eaton report in 2021?

Eaton reported revenues of $19.6 billion in 2021.