Eaton Corporation plc (ETN) will raise its quarterly dividend by 6.6 percent to 81 cents per share. This follows a dividend hike of 4.1 percent to 76 cents per share in 2021 and marks 13 consecutive years of dividend increases.

The next ETN dividend is payable March 31, 2022, to shareholders of record at the close of business on March 11, 2022. Eaton has paid dividends on its shares every year since 1923. The dividend yield is 2.0%.

Eaton Corporation plc is a power management company. The company provides energy-efficient solutions that help its customers effectively manage electrical, hydraulic and mechanical power more reliably, safely and sustainably. The company's business segments are: Electrical Products and Electrical Systems and Services, Hydraulics, Aerospace, Vehicle and eMobility. Eaton has paid dividends on its shares every year since 1923.