By Robb M. Stewart

 

Eaton Corp. has boosted the power-management company's quarterly dividend by 6.6%.

The company's board declared a dividend of 81 cents a share, up from the previous payout of 76 cents. It will be payable March 31 to shareholders of record at the close of business March 11.

Eaton said it has paid dividends on its shares each year since 1923.

In morning trading, the company's shares were down 0.9% at $150.39, for a drop of 13% so far this year.

 

Write to Robb M. Stewart at robb.stewart@wsj.com

 

(END) Dow Jones Newswires

February 23, 2022 10:41 ET (15:41 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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