European Stocks

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>>> Eaton Corporation (NYSE:ETN) is a multinational power management company headquartered in Dublin, Ireland. With a diversified portfolio spanning electrical, hydraulic, vehicle transmissions, and industrial control systems, Eaton is able to cater to a wide range of industries.

https://finance.yahoo.com/news/3-best-dividend-stocks-buy-114500212.html

Eaton’s relatively low payout ratio and growing cash flow display positive signs for future dividend raises. The company has raised its dividend for 15 consecutive years and has maintained a payout ratio of around 40-50%. This is a testament to its diversified business model, providing stable revenue and cash flow from operations. Furthermore, its business has never looked stronger after emerging from its pandemic slump in 2020. Management’s strong execution has translated to significant revenue and earnings per share growth over the last 3 years.

Additionally, its growth is accelerating in the 2024 fiscal year. In Q1 FY24, revenue increased 8% year over year to $5.94 billion. It saw record segment margins of 23.1%, up 340 basis points from the year prior. For investors seeking the best dividend stocks to buy in 2024, ETN stock should certainly be kept on your radar.

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