Eaton Increases Dividend 16 Percent To $.50 Per Share

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Tue Jan 22, 2008 7:15am EST 

CLEVELAND--(Business Wire)--As announced today in the company's fourth quarter 2007 earnings
news release, the Board of Directors of diversified industrial
manufacturer Eaton Corporation (NYSE:ETN) has declared a first quarter
dividend of $.50 per share. This represents a 16 percent increase over
the previous quarterly dividend of $.43 per share.

   The dividend is payable on February 22, 2008 to shareholders of
record at the close of business on February 4, 2008. Eaton has paid
dividends on common shares every year since 1923.

   Eaton Corporation is a diversified industrial manufacturer with
2007 sales of $13.0 billion. Eaton is a global leader in electrical
systems and components for power quality, distribution and control;
fluid power systems and services for industrial, mobile and aircraft
equipment; intelligent truck drivetrain systems for safety and fuel
economy; and automotive engine air management systems, powertrain
solutions and specialty controls for performance, fuel economy and
safety. Eaton has 64,000 employees and sells products to customers in
more than 140 countries. For more information, visit www.eaton.com.

Eaton Corporation
Kelly Jasko, 216-523-5304 (Media Relations)
Email: kellymjasko@eaton.com
or
William C. Hartman, 216-523-4501 (Investor Relations)

Copyright Business Wire 2008
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