NEW YORK (AP) — Eaton Corp. PLC said Wednesday that its board raised its quarterly cash dividend by 4 cents, or 11 percent, to 42 cents.

The Ireland-incorporated diversified manufacturer said the dividend will be paid on March 22 to shareholders of record as of March 11.

Eaton makes electrical and hydraulic components, systems and services. It also makes aerospace fueling, hydraulic and pneumatic systems for commercial and military use as well as vehicle drivetrain and powertrain systems.