Eaton Corporation, PLC (NYSE:ETN) Announces Quarterly Dividend of $1.04

Key Points

• Eaton Corporation announced a quarterly dividend of $1.04 per share, which will be payable on November 21st to investors of record on November 6th.
• The company has a dividend payout ratio of 31.5%, indicating that its dividend is well supported by earnings and is forecasted to maintain an annual dividend of $3.76 with an expected future payout ratio of 27.8%.
• Eaton reported $7.03 billion in revenue and $2.95 earnings per share in its last earnings report, surpassing analyst expectations and showing a 10.7% increase in revenue year-over-year.

Eaton Corporation, PLC (NYSE:ETN - Get Free Report) announced a quarterly dividend on Tuesday, October 21st. Investors of record on Thursday, November 6th will be given a dividend of 1.04 per share by the industrial products company on Friday, November 21st. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 6th.

Eaton has a dividend payout ratio of 31.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Eaton to earn $13.52 per share next year, which means the company should continue to be able to cover its $3.76 annual dividend with an expected future payout ratio of 27.8%.

Eaton Price Performance

ETN opened at $373.63 on Wednesday. Eaton has a 1 year low of $231.85 and a 1 year high of $399.56. The stock has a fifty day moving average price of $363.19 and a 200 day moving average price of $341.08. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The stock has a market cap of $145.45 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 2.70 and a beta of 1.18.

Eaton (NYSE:ETN - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period last year, the company earned $2.73 earnings per share. The business's revenue was up 10.7% compared to the same quarter last year. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. Analysts forecast that Eaton will post 12.02 EPS for the current fiscal year.

About Eaton

Eaton Corporation plc operates as a power management company worldwide. The company's Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.