Eaton : Raises Quarterly Dividend by 4.1% to 76 Cents

By Colin Kellaher

Eaton Corp. on Wednesday said its board raised the quarterly dividend by 4.1%, to 76 cents from 73 cents.

The new payout, equal to $3.04 a year, represents an annual yield of about 2.32% based on Tuesday's closing price of $130.86, up from 2.23%.

The Dublin-based power-management company said the increased dividend is payable March 30 to shareholders of record March 16.

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(END) Dow Jones Newswires

02-24-21 1009ET