Ex-Dividend Alert: Eaton Has Paid Dividend Consecutively Since 1923; Will Trade Ex-Dividend on May 03, 2018

LONDON, UK / ACCESSWIRE / May 02, 2018 / Active-Investors has a free review on Eaton Corp. PLC (NYSE: ETN) following the Company’s announcement that it will begin trading ex-dividend on May 03, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on May 02, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on ETN:

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Dividend Declared

On April 24, 2018, Eaton’s Board of Directors declared a quarterly dividend of $0.66 per ordinary share. The dividend is payable May 18, 2018, to shareholders of record at the close of business on May 04, 2018.

Eaton’s indicated dividend represents a yield of 3.47%, which is more than three times higher than the average dividend yield of 1.15% for the Industrial Goods sector. The Company has paid dividends on its shares every year since 1923.

Dividend Insight

Eaton has a dividend payout ratio of 51.1%, which denotes that the Company spends approximately $0.51 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Eaton is forecasted to report earnings of $5.67 per share for the next year, which is more than double compared to the Company’s annualized dividend of $2.64 per share.

As of December 31, 2017, Eaton’s cash totaled $561 million compared to $543 million as on December 31, 2016. The Company’s operating cash flow was $879 million in Q4 2017, while for full year 2017 Eaton’s operating cash flow was a record $2.7 billion. The Company repurchased $61 million of its shares in Q4 2017, making the Company’s full year 2017 repurchases a total of $850 million, representing 2.5% of Eaton’s shares outstanding at the beginning of FY17. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

About Eaton Corp. PLC

Eaton is a power management company with FY17 sale of $20.4 billion. Eaton provided energy-efficient solutions that help its customers effectively manage electrical, hydraulic, and mechanical power more efficiently, safely, and sustainably. The Company is dedicated to improving the quality of life and the environment through the use of power management technologies and services. Eaton has approximately 96,000 employees and sells products to customers in more than 175 countries.

Stock Performance Snapshot

May 01, 2018 – At Tuesday’s closing bell, Eaton’s stock dropped 1.56%, ending the trading session at $73.86.

Volume traded for the day: 5.95 million shares, which was above the 3-month average volume of 3.13 million shares.

After yesterday’s close, Eaton’s market cap was at $32.76 billion.

Price to Earnings (P/E) ratio was at 11.28.

The stock has a dividend yield of 3.57%.

The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry.

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