On Wednesday, February 24, the Board of Directors of power management company Eaton announced a quarterly dividend increase of from $0.55 to $0.57 per ordinary share that’s payable March 18, 2016 to holders of record March 7, 2015. This represents a 3.64 % increase to regular quarterly dividends and this is the 7th consecutive year that ETN has increased its dividend per share. With current price $56.75 (yesterday's open), this raise brings their dividend yield to 4.02 %.
Since I own 30 shares, this will increase my portfolio's projected annual net dividend income by $1.79.
That increase rises my YOC to 3.62%.
Click here to see my portfolio holdings.
You can follow the development of my dividends here.