October 22, 2008

Eaton Quarterly Dividend Payable November 21, 2008

CLEVELAND … The Board of Directors of diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today declared a quarterly dividend of $.50 per common share payable on November 21, 2008, to shareholders of record at the close of business on November 3, 2008.

In January of this year, Eaton announced a quarterly dividend increase of 16 percent from $.43 to $.50 per share. Eaton has paid dividends on common shares every year since 1923.

Eaton Corporation is a diversified power management company with 2007 sales of $13 billion. Eaton is a global technology leader in electrical systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has 82,000 employees and sells products to customers in more than 150 countries.


Kelly Jasko
(216) 523-5304