CLEVELAND --
Eaton Corp.'s board of directors has approved a two-for-one stock split.
As a result of the split, shareholders of record at the close of business on February 9, will receive one additional common share for every share held. The additional shares will be mailed or delivered on or about February 23, by the company's transfer agent, EquiServe.
Eaton's board of directors has also declared a 12.5 percent increase in the quarterly dividend from $0.48 per common share to $0.54 per common share, on pre-split shares. The dividend is payable on February 27, to shareholders of record at the close of business on February 9.
For more information, visit: www.eaton.com.
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