Emerson raises quarterly dividend by 2% to $0.515 per share
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| Emerson has raised its dividend 65 years in a row |
Dividend Aristocrat Emerson (symbol EMR) will hike its dividend by 2% to $0.515 per share, marking the 65th consecutive year of dividend increases by the industrial company. Dividend growth has slowed significantly in the last couple of years.
With 65 years in a row of dividend increases Emerson, formerly Emerson Electric, has one of the best dividend track records in the United States. Only a hand full of other 'Dividend Aristocrats' have better or similar records, including American States Water (67 years of increased dividends), Northwest Natural (66 years), Dover Corporation (66 years), Parker Hannifin (65 years) and Procter & Gamble (65 years).
Now Emerson joins these above mentioned super dividend stocks with 65 years of more of annual dividend growth. EMR pays shareholders an estimated $1.23 billion in dividends annually.
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Emerson will hike its dividend by 2 percent in 2021 to 51.5 cents per share. This dividend increase is much bigger than 2020, when EMR only raised its dividend by 1%. Dividend growth has been slowing over the last couple of years with an average 5 year CAGR of 1.4%. This is amongst the lowest growth rate for all US Dividend Aristocrats.
The increased EMR dividend of $0.515 per share will be paid to shareholders on December 10, 2021 with an ex-dividend date of November 10 and a record date of November 12, 2021. Currently Emerson stock yields 2.1% based on a stock price of $98 and an annual dividend rate of $2.04 per share.
Emerson (EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. Emerson is a Dividend Aristocrat with more than 25 consecutive years of dividend increases.
