Emerson Electric (EMR) will raise its quarterly dividend by 2.0 percent to $0.50 per share.
This compares to a 1.0 percent hike last year. In fiscal 2019, Emerson completed 63 consecutive years of increased dividends per share.
The next dividend is payable December 10, 2019 to stockholders of record November 15, 2019. A new annual rate of $2.00 per share yields 2.7% at a stock price of $73.79.
Emerson, formerly Emerson Electric, 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.