Eaton Corp, PLC (NYSE:ETN) is down over 30% from its early year highs. That makes sense since the industrial giant has been lowering its organic growth forecasts all year long. But there's still a lot to like here, including an over 4% dividend yield backed by fairly regular dividend hikes. Here are three reasons why Eaton Corp is a buy now...
At one point in time, Eaton was focused on the auto business. But that's the old Eaton, the new Eaton is a power management business with its fingers in everything from autos to aerospace. This diversity is one of the top reasons to like the company. The second reason to like Eaton is its ability to generate cash. For example, the company had operating cash flow of $973 million in the third quarter -- a quarterly record for the company. The dividend is a key focus here because Eaton's yield is a generous 4.4% or so. That's on the high end of this company's historical range. But, as the cash flow statement shows, sustainable.
Source: Motley Fool
Related Articles:
- Dividend Stocks vs. a Safe Distribution Rate
- 12 Under-Valued Dividend Stocks
- Successful Investors Take The Emotion Out
- 7 Higher Yield Dividend Growth Stocks
- 8 Select High-Yield S&P 500 Dividend Stocks
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
In this article we discuss the 5 Best Dividend Stocks to Buy According to Billionaire Ken Fisher. 5.) British American Tobacco p.l.c. (NYSE:...
-
Investing for retirement requires a different approach from merely betting on growth or value stocks. The strategy for fixed-income is to bu...
-
On Monday, AT&T (NYSE:T) confirmed that it will spin off its WarnerMedia entertainment unit and merge it with Discovery. While this will...
-
Earlier generations have favored dividend investing because generally higher yields were on offer then. Today, though, some investors have b...
-
One of our favorite areas to find blue-chip dividend stocks is in the utility sector. Companies in this space provide electricity, gas and w...
-
It’s safe to say that one of the biggest concerns that economists and investors have on their minds at this time is inflation. Regardless of...
-
One factor that can make a big difference is competitive advantage and leadership in a given industry. In general, larger companies with glo...
-
Business Development Companies, known as BDCs, offer the retail investor exposure to privately-held firms, which often are funded by venture...
-
If you are considering buying a stock purely for its dividend yield, then you will want to be sure that the dividend can grow in the future....
-
The best dividend stocks don't always come with incredibly generous yields. Excessive dividend yields are often a sign of deeply trouble...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.