Eaton Corporation plc (ETN) will raise its quarterly dividend by ten percent to $0.66 per share in the first quarter of 2018. Last year the industrial company hiked its dividend by 5.3 percent. The new dividend yield for ETN is 2.9%.
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.