Emerson Electric Increases Their Dividend 2%


emerson-electric

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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