Eaton Increases Dividend 16 Percent to $.58 Per Share; Payable August 27, 2010
Date: July 21, 2010
CLEVELAND ... As announced today in the second quarter 2010 earnings news release of diversified industrial manufacturer Eaton Corporation (NYSE:ETN), the company’s Board of Directors has declared a quarterly dividend of $.58 per share. This represents a 16 percent increase over the previous quarterly dividend of $.50 per share. The dividend is payable on August 27, 2010, to shareholders of record at the close of business on August 9, 2010. Eaton has paid dividends on common shares every year since 1923.
Eaton Corporation is a diversified power management company with 2009 sales of $11.9 billion. Eaton is a global technology leader in electrical components and 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 approximately 70,000 employees and sells products to customers in more than 150 countries.