How’s your weekend? Although I had to work both Saturday and Sunday for about 3-4 hours, I am happy because I am prepared for another work week. When can I retire? It all depends on the quality of my investment decisions.
On February 24, Eaton (ETN) announced a quarterly dividend increase from $0.55 to $0.57 per ordinary share that’s payable March 18, 2016 to holders of record March 7, 2015. This represents a 3.64 % increase to regular quarterly dividends and ETN has increased its dividend per share for seven years in a row. With the increase the YOC of my ETN position will be improved to 3.8% from 3.6%.
Disclosure: Long ETN.