Eaton is a diversified global industrial manufacturer of products in the electrical, hydraulics, aerospace and vehicles sectors. On July 25, Eaton reported its second quarter results and, once again, beat the Zacks Consensus Estimate by 2 cents. The last time Eaton missed the estimate was in September 2007. That’s an impressive track record considering it covers the time period during the financial crisis.
Eaton continues to reward shareholders through its dividend program. ETN has paid dividends since 1923- that’s through the Great Depression, two World Wars, space travel, the Internet boom and the Great Recession of 2008. For example, in 1985, it paid a quarterly payout of 2 cents per share. Currently, it is paying 34 cents per share per quarter, after raising it 17% in January. That is a yield of 2.6%.
Source: Forbes
Related Articles:
- Why We Are Dividend Growth Investors
- What Determines A Dividend Stock's Yield
- Managing Risk With Dividend Stocks
- 9 Stocks With a Sustainable Dividend
- 11 Low Beta, High Quality Dividend Stocks
________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.