6 Dividend Rockets Poised to Take Off

By Andrew Hawkins, Guest Editor We took a look at some dividend rockets that are poised to see growth in the near future. These companies may not all fit the typical connotation of a “rocket”, but I feel that these companies have strong payout ratios and will experience growth soon. Eaton Corporation (ETN): The Eaton Corporation works as a power management company under the motto “Powering Business Worldwide.” Eaton claims to be selling products in over 150 countries. They produce and manufacture components and systems for a wide range of uses. Eaton’s intake and exhaust valves are used in diesel engines. Their hydraulics components and systems are seen in commercial and military use. They even manufacture human machine interfaces, input and output devices and logic computers. Eaton currently has a payout ratio of 38%. It also has a forward annual dividend rate of 1.36 and a forward annual dividend yield of 2.7%. Earlier this year, Eaton underwent a 2:1 stock split. This gave every stockholder one new share for every current share they own. They say that the split was to help make ETN more affordable to lower capital investors. This provides added liquidity to the shares, as well. Eaton…