Eaton (ETN) Rewards Shareholders With 9% Dividend Increase

Eaton Corporation plc. (ETN) announced that its board of directors has approved an increase in quarterly dividend rate to 94 cents or 9% over its last figure. The revised quarterly dividend will be payable on Mar 29, 2024, to shareholders of record at the close of business on Mar 11, 2024.The new annualized payout amounts to $3.76 per share and the current annualized dividend yield is 1.3%, higher than the industry average of 0.6%. The increase in distributable income speaks for the company’s successfully e ...