Eaton (ETN) will raise its quarterly dividend by 3.6 percent to $0.57 per share in 2016. This follows a 12.2 percent dividend hike by the company in the previous year.
Eaton Corporation plc is a power management company. The company’s products include electrical power distribution and control equipment, truck drivetrain systems, engine components, controls and hydraulic products and fluid connectors. Eaton’s Aerospace segment is a supplier of aerospace fuel, hydraulics and pneumatic systems for commercial and military use.