Eaton Stock To Go Ex-dividend Tomorrow (ETN)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Eaton (NYSE: ETN) is tomorrow, October 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $46.88 as of 9:30 a.m. ET, the dividend yield is 3.2%.

The average volume for Eaton has been 4.3 million shares per day over the past 30 days. Eaton has a market cap of $15.91 billion and is part of the industrial goods sector and industrial industry. Shares are up 7.1% year to date as of the close of trading on Tuesday.

Eaton Corporation operates as a diversified power management company worldwide. The company has a P/E ratio of 11.3, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Eaton as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Eaton Ratings Report.

See our dividend calendar or top-yielding stocks list.

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