February 17, 2010 (FinancialWire) — Cooper Industries plc (NYSE: CBE) has declared an increase in its dividends from $1.00 to $1.08 per share on an annual basis. The move was approved on February 15 by the company’s board of directors.

The first quarterly dividend of $0.27 per share will be paid on April 1, 2010 to shareholders of record as of February 26, 2010.

Ireland-based Cooper Industries is a manufacturer that posted 2009 revenues of $5.1 billion, roughly eighty-nine percent of which are from electrical products. The company has eight operating divisions with 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.

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