Eaton Corporation, PLC (ETN) to Issue Quarterly Dividend of $1.10 on May 29th

Eaton Corporation, PLC (NYSE:ETN) announced a quarterly dividend on Tuesday, April 21st. Investors of record on Friday, May 8th will be paid a dividend of 1.10 per share by the industrial products company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, May 8th.

Eaton has raised its dividend payment by an average of 0.1%annually over the last three years. Eaton has a dividend payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Eaton to earn $15.29 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 28.8%.

Eaton Stock Up 1.0%

Shares of NYSE:ETN opened at $413.60 on Thursday. The business has a 50-day moving average price of $373.71 and a 200 day moving average price of $358.24. The company has a current ratio of 1.32, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $160.47 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 2.82 and a beta of 1.17. Eaton has a 12-month low of $274.93 and a 12-month high of $419.47.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Thursday, February 26th. The industrial products company reported $3.23 earnings per share (EPS) for the quarter. The firm had revenue of $7.06 billion during the quarter. Eaton had a return on equity of 25.00% and a net margin of 14.89%. Sell-side analysts expect that Eaton will post 13.31 EPS for the current year.

About Eaton

Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.