Emerson Electric Increases Their Dividend 2%
Dividend Increase Announcement
On November 5th, Emerson Electric announced a dividend increase of 2%. This will increase their dividend per quarter from $0.49 to $0.50. It is payable on December 10th for shareholders of record on November 15th. The new quarterly dividend represents an annualized dividend amount of $2.00 per share as compared to the current annualized dividend amount of $1.96 per share.
Emerson Electric Dividend Information
Annual Dividend: $2.00
Dividend Yield: 2.71%
Dividend Growth History: 62 years
Payout Ratio: 55.08%
Dividend Increase Affect On More Dividends
I am currently holding 11.033 shares of Emerson Electric. With this 2% increase it will add an additional $0.45 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Conclusion
Emerson Electric is a great company with a very long history of increasing their dividends. I have been holding my shares for several years now. I have been very pleased with the company since I originally initiated my position. I would have liked to have seen a deal between Emerson and Rockwell Automation because I believe that would have been great for long term growth. Despite that though, the company has still performed well for me.
Given my current position and the strength that I see in the company, I intend to continue to hold these shares. Honestly, I would love to add to this position but it would require the share price to drop significantly to reach my cost basis. I am in this game for the long term so maybe I will eventually get to see that again.
Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉
Do you currently hold any stock in Emerson Electric? What do you think of this dividend increase? Just let me know in the comments.
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
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Jason,
I’ve been disappointed in EMRs lack of dividend growth the last several years. Good company and I will likely hold, but keep an eye on it. Tom
Tom recently posted…Duke Energy Dividend Stock Analysis