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%.
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Congrats on another raise, Hawk. Its a great time of the year for dividend growth investors, isnt it?
ReplyDeleteR2R
Hi R2R and thanks! You are right, it is nice to get the increase, even if only a small one. You have also received some very nice ones of this year.
DeleteCheers,
DH