Sunday, February 26, 2017

Dividend Increase - Eaton Corporation plc (ETN)

On Wednesday, February 22, the Board of Directors of power management company Eaton announced a quarterly dividend increase of from $ 0.57 to $ 0.60 per ordinary share that’s payable March 17, 2017 to holders of record March 6, 2017. This represents a 5.26 % increase to regular quarterly dividends. With current price $ 72.39 (Friday's close), this raise brings their dividend yield to 3.32 %. 

Since I own 30 shares, this will increase my portfolio's projected annual net dividend income by $ 2.68.

That increase rises my YOC to 3.81%.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Thanks for stopping by!

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