Today, February 28, the Board of Directors of power management company Eaton announced a quarterly dividend increase of from $ 0.60 to $ 0.66 per ordinary share that’s payable March 23, 2018 to holders of record March 12, 2018. This represents a 10.0 % increase to regular quarterly dividends. With current price $ 81.96 (yesterday's close), this raise brings their dividend yield to 3.22 %.
Since I own 30 shares of ETN, this will increase my portfolio's projected annual net dividend income by $ 5.36.
That increase rises my YOC to 4.19%.
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You can follow the development of my dividends here.
Full Disclosure: Long ETN
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Full Disclosure: Long ETN
Thanks for stopping by!
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