Eaton (ETN) Raises Dividend 17%, Announces 2-for-1 Stock Split

Eaton Corporation (NYSE: ETN) today declared a 17 percent increase in the quarterly dividend from $.58 per common share to $.68 per common share. The dividend is payable on February 25 to shareholders of record at the close of business on February 7, 2011. The ex-dividend date is February 3. The dividend yield is 2.6%. Eaton’s Board of Directors today also approved a two-for-one stock split. The stock split will occur at the close of business on February 28, 2011, for those shareholders of record as of February 7, 2011.... Read more

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