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Eaton Corporation, PLC (NYSE:ETN) Raises Dividend to $1.10 Per Share
Eaton Corporation, PLC (NYSE:ETN) has announced a quarterly dividend increase to $1.10 per share, a 5.8% rise from its previous $1.04, payable on March 27th to shareholders of record on March 10th. The industrial products company’s dividend is well-covered with a payout ratio of 34.8%, and analysts project a future payout ratio of 30.8% based on expected earnings. This announcement follows a recent insider share sale of over $4 million and comes as institutional investors have adjusted their positions in the company.