CLEVELAND … The Board of Directors of diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today declared a quarterly dividend of $.58 per common share payable on November 26, 2010, to shareholders of record at the close of business on November 8, 2010. Eaton announced an increase in its dividend from $.50 to $.58 per share on July 21. The company 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.