Dividend Aristocrat Emerson Electric (EMR) will increase its quarterly dividend by one cent, marking the 56th consecutive year of dividend increases.
With an annual dividend of $1.64 the stock is yielding 3.2%.The quarterly dividend was raised by 2.5 percent to 41 cents per share. Last year, in november 2011, the company increased its dividend 16 percent from $0.345 to $0.40 per share.
Emerson Electric Co. (Emerson) provides technology and engineering solutions for customers in a wide range of industrial, commercial and consumer markets around the world. The company's segments are Automation Solutions, and Climate Technologies and Tools & Home Products which together comprise the Commercial & Residential Solutions business. Emerson was founded in 1890 in St. Louis, Missouri, as a manufacturer of electric motors and fans and has increased its dividend every year since 1956.