Emerson Electric Co. (NYSE:EMR) Raises Dividend to $0.59 Per Share

Emerson Electric Co. (NYSE:EMR) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.5950 per share by the industrial products company on Thursday, December 10th. This represents a $2.38 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 13th. This is a 7.2% increase from Emerson Electric’s previous quarterly dividend of $0.5550.

Emerson Electric has a payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Emerson Electric to earn $7.21 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 30.8%.

Emerson Electric Stock Performance

Shares of EMR stock opened at $171.17 on Thursday. Emerson Electric has a 12-month low of $122.64 and a 12-month high of $172.00. The firm has a market capitalization of $95.87 billion, a price-to-earnings ratio of 37.46, a price-to-earnings-growth ratio of 2.35 and a beta of 1.23. The business has a 50 day simple moving average of $157.73 and a 200 day simple moving average of $147.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.66.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.01. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.11 billion. During the same quarter in the previous year, the business earned $1.62 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities research analysts anticipate that Emerson Electric will post 6.56 EPS for the current year.

About Emerson Electric

Emerson Electric Co (NYSE: EMR) is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.

The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.