Eaton 4Q profit up 33 percent

[February 01, 2011]  (AP) -- PROFITS SOAR: Fourth-quarter net income for Eaton Corp. surged 33 percent, as sales rose 17 percent with a rising global economy.

SHAREHOLDER REWARD: The company boosted its dividend by 17 percent, from 58 cents to 68 cents per share, and declared a 2-for-1 stock split.

WHAT'S AHEAD: Eaton forecast record operating earnings per share for 2011 between $7 and $7.60, with Eaton markets predicted to grow 8 percent.

[Associated Press]

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