The Board of Directors of power management company Eaton (NYSE:ETN) declared a 12.2 percent increase in the quarterly dividend from $0.49 per ordinary share to $0.55 per ordinary share on February 25, 2015. The dividend is payable March 20, 2015 to shareholders of record at the close of business on March 9, 2015. For U.S. tax purposes, Eaton estimates that all of the 2015 dividend will be treated as a return of capital to shareholders, to the extent of the shareholder’s tax basis in the shares. Eaton has paid dividends on its common shares every year since 1923.
Eaton is a power management company with 2014 sales of $22.6 billion. Eaton provides energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power more efficiently, safely and sustainably. Eaton has approximately 102,000 employees and sells products to customers in more than 175 countries. For more information, visit eaton.comTagged with tED