Eaton declares quarterly dividend
CLEVELAND, OHIO....Eaton Corporation's (NYSE:ETN) Board of Directors today declared a regular quarterly dividend of $.44 per common share, payable on May 25 to shareholders of record on May 10, 1999. Eaton has paid dividends on common shares annually since 1923.
Eaton is a global manufacturer of highly engineered products that serve industrial, vehicle, construction, commercial, aerospace and semiconductor markets. Principal products include hydraulic products and fluid connectors, electrical power distribution and control equipment, truck drivetrain systems, engine components, ion implanters and a wide variety of controls. Headquartered in Cleveland, the company has 65,000 employees and 215 manufacturing sites in 25 countries around the world. Eaton's sales for 1998 were $6.6 billion. On April 9, 1999, Eaton acquired Aeroquip-Vickers, Inc., which had sales of $2.1 billion in 1998.