Eaton declares quarterly dividend


CLEVELAND, OHIO… Diversified industrial manufacturer Eaton Corporation's (NYSE:ETN) Board of Directors today declared a regular quarterly dividend of $.44 per common share, payable on February 23, 2001 to shareholders of record on February 5, 2001. Eaton has paid dividends on common shares annually since 1923.

With 2000 sales of $8.3 billion, Eaton is a global diversified industrial manufacturer of highly engineered products that serve industrial, vehicle, construction, commercial and aerospace markets. Principal products include hydraulic products and fluid connectors, electrical power distribution and control equipment, truck drivetrain systems, engine components and a wide variety of controls. The company has 59,000 employees and 195 manufacturing sites in 24 countries.


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Renald Romain

William Hartman, vice president, Investor Relations