Eaton Corporation, PLC (ETN) To Go Ex-Dividend on November 10th

Eaton Corporation, PLC (NYSE:ETN – Get Free Report) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $1.10 per share by the industrial products company on Friday, November 27th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, November 10th.

Eaton has increased its dividend by an average of 0.1% per year over the last three years. Eaton has a dividend payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Eaton to earn $16.14 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 27.3%.

Eaton Trading Up 4.5%

Shares of Eaton stock opened at $341.80 on Friday. The firm’s 50 day simple moving average is $405.12 and its two-hundred day simple moving average is $396.59. The firm has a market capitalization of $132.79 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 2.15 and a beta of 1.15. Eaton has a 12-month low of $311.92 and a 12-month high of $478.00. The company has a current ratio of 1.23, a quick ratio of 0.79 and a debt-to-equity ratio of 0.85.

Eaton (NYSE:ETN – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported $3.68 EPS for the quarter, topping the consensus estimate of $3.54 by $0.14. Eaton had a net margin of 12.18% and a return on equity of 25.09%. The business had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same period in the previous year, the firm posted $3.07 earnings per share. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. Analysts predict that Eaton will post 13.80 EPS for the current year.

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About Eaton

(Get Free Report)

Eaton is a global power management company that designs and manufactures products and services intended to help customers manage electrical, hydraulic and mechanical power. Founded in 1911, the company serves customers across a range of industries, including utilities, commercial buildings, data centers, aerospace and transportation.

Its offerings include electrical distribution and circuit protection equipment, power quality and backup systems, and power management software and services.

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Dividend History for Eaton (NYSE:ETN)

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