The Board of Directors of power management company Eaton (NYSE:ETN) today declared a quarterly dividend of $0.60 per ordinary share. The dividend is payable May 19, 2017 to shareholders of record at the close of business on May 5, 2017.
For U.S. tax purposes, Eaton estimates that all of the 2017 dividend will be treated as a return of capital to shareholders, to the extent of the shareholder’s tax basis in the shares. Additional information about the tax treatment of the dividend, including actual return of capital information for 2016, is available at the investor relations page of the Eaton website, www.Eaton.com.
Eaton has paid dividends on its shares every year since 1923.
