The Board of Directors of Cooper Industries, Ltd. (NYSE:CBE) today declared a regular quarterly dividend of $0.25 on each share of the Company's outstanding common stock. The dividend is payableJuly 1, 2009, to shareholders of record on May 29, 2009.
About Cooper Industries
Cooper Industries, Ltd. (NYSE: CBE) is a global manufacturer with 2008 revenues of $6.5 billion, approximately 88 percent of which are from electrical products. Founded in 1833, Cooper's sustained level of success is attributable to a constant focus on innovation, evolving business practices while maintaining the highest ethical standards, and meeting customer needs. The Company has eight operating divisions with leading market share positions and world-class products and brands including: Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. The Company is also a leading provider of Smart Grid solutions to electric utilities through its Energy Automation Solutions (EAS) group. With this broad range of products, Cooper is uniquely positioned for several long-term growth trends including the global infrastructure build-out, the need to improve the reliability and productivity of the electric grid, the demand for higher energy-efficient products and the need for improved electrical safety. In 2008, 61 percent of total sales were to customers in the industrial and utility end-markets and 37 percent of total sales were to customers outside the United States. Cooper, which has manufacturing facilities in 23 countries as of 2008, is incorporated in Bermuda with administrative headquarters in Houston, TX. For more information, visit the web site at www.cooperindustries.com.
Contacts:
Cooper Industries
Mark Doheny, 713-209-8484
mark.doheny@cooperindustries.com