Emerson Electric Co. (NYSE:EMR – Get Free Report) declared a quarterly dividend on Tuesday, February 3rd. Investors of record on Friday, February 13th will be given a dividend of 0.555 per share by the industrial products company on Tuesday, March 10th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, February 13th.
Emerson Electric has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 68 years. Emerson Electric has a dividend payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Emerson Electric to earn $6.45 per share next year, which means the company should continue to be able to cover its $2.22 annual dividend with an expected future payout ratio of 34.4%.
Emerson Electric Stock Performance
NYSE:EMR traded up $5.42 during trading hours on Wednesday, reaching $157.52. The stock had a trading volume of 3,567,413 shares, compared to its average volume of 3,217,447. The stock has a 50 day simple moving average of $140.31 and a 200 day simple moving average of $135.98. Emerson Electric has a 12-month low of $90.06 and a 12-month high of $159.47. The stock has a market cap of $88.57 billion, a P/E ratio of 38.99, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.65 and a current ratio of 0.88.
Emerson Electric declared that its board has authorized a share repurchase plan on Wednesday, November 5th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
About Emerson Electric
Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.
Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.
Further Reading
- Five stocks we like better than Emerson Electric
- Wall Street Turns Bullish on USAU as Gold Hits New Record!
- Ray Dalio Says Buy Gold. I Say Get Paid Every Month From It
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- What a Former CIA Agent Knows About the Coming Collapse
- NEW LAW: Congress Approves Setup For Digital Dollar?
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.
