Dividend Increase Announcement
On November 3rd, Emerson Electric announced a dividend increase of 1%. This will increase their dividend per quarter from $0.50 to $0.505. It is payable on December 10th for shareholders of record on November 13th. The new quarterly dividend represents an annualized dividend amount of $2.02 per share as compared to the current annualized dividend amount of $2.00 per share.
Emerson Electric Dividend Information
Annual Dividend: $2.02
Dividend Yield: 2.9%
Dividend Growth History: 58 years
Payout Ratio: 59.79%
Dividend Increase Effect On More Dividends
I am currently holding 11.381 shares of Emerson Electric in the More Dividends portfolio. With this 1% increase it will add an additional $0.23 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Emerson Electric is a great company with a long history of increasing their dividend. Since starting this position I have been pretty happy with it.
A couple of years ago I was hoping to see a merger between Emerson and Rockwell Automation but the 2 companies couldn’t seem to agree on a price.
I will continue to hold this position and let it keep compounding. If given the opportunity, I would love to add to this position. Until then, I will let it continue to compound on it’s self!
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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