Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) shares several characteristics with some of the companies we hold in our Top 20 Dividend Stocks portfolio.
The company scores well for Dividend Safety and Dividend Growth, has paid dividends every year since 1923, generates excellent free cash flow, and has a relatively high dividend yield near 3.7%.
Eaton’s stock also trades at a forward price-to-earnings multiple of 14.2, which is a discount of approximately 15% compared to the broader market.
Let’s take a closer look at Eaton…
Source: Insider Monkey