February 27, 2013 9:45 AM, EST
Eaton Boosting Dividend by 11%

Eaton Corp. said Wednesday its board has approved an 11% increase in its quarterly cash dividend.

The component supplier said it will boost its dividend to 42 cents per share from 38 cents, payable on March 22 to shareholders of record as of March 11.

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