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