Date

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.

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Kelly Jasko
(216) 523-5304