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DUBLIN - Intelligent power management company Eaton (NYSE:ETN), currently valued at $148 billion, announced on Wednesday that its Board of Directors has declared a quarterly dividend of $1.04 per ordinary share. The company has demonstrated strong dividend growth, with a 10.6% increase over the past year, according to InvestingPro data.
The dividend will be payable on August 22, 2025, to shareholders of record at the close of business on August 7, 2025, according to a press release statement from the company.
Eaton has maintained a consistent record of dividend payments, having paid dividends on its shares every year since 1923, marking over a century of shareholder returns.
The company, founded in 1911, reported revenues of nearly $25 billion in 2024 and serves customers in more than 160 countries. Eaton manufactures products for various sectors including data centers, utilities, industrial facilities, commercial buildings, machine building, residential applications, aerospace, and mobility markets. The company maintains a GREAT financial health score according to InvestingPro, which offers 15+ additional insights about Eaton’s financial performance and valuation.
In other recent news, Eaton has announced a significant milestone in its sustainability efforts, achieving a 35% reduction in greenhouse gas emissions since 2018. The company has also set a new target to achieve net zero emissions by 2050, validated by the Science Based Targets initiative. In a strategic move, Eaton has signed an agreement to acquire Ultra PCS Limited for $1.55 billion, with the acquired company expected to contribute approximately $240 million in sales by 2025. Furthermore, Eaton has secured contracts valued at approximately $25 million to upgrade power systems at Hartsfield-Jackson Atlanta International Airport, part of the airport’s extensive expansion initiative.
Additionally, Eaton is collaborating with NVIDIA to advance high-voltage direct current power infrastructure in AI data centers, focusing on high-density GPU deployments. This partnership aims to develop design best practices and power management solutions to support racks requiring substantial power. In another development, Bernstein analysts have upgraded Eaton’s stock, citing anticipated growth in capital expenditures in the utility sector. These recent developments highlight Eaton’s ongoing strategic initiatives and its focus on sustainability, acquisitions, and technological advancements.
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