Emerson Electric Co. (EMR) to Distribute Quarterly Dividend of $0.59 on December 10th

Emerson Electric Co. (NYSE:EMR) announced a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Friday, November 13th will be given a dividend of $0.5950 per share by the industrial products company on Thursday, December 10th. This represents a $2.38 dividend on an annualized basis and a 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 36.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Emerson Electric to earn $8.07 per share next year, which means the company should continue to be able to cover its $2.38 annual dividend with an expected future payout ratio of 29.5%.

Emerson Electric Stock Performance

EMR stock opened at $167.68 on Wednesday. Emerson Electric has a 12 month low of $122.64 and a 12 month high of $172.00. The company has a market capitalization of $93.91 billion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 2.38 and a beta of 1.23. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $158.50 and a two-hundred day moving average of $147.80.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.01. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The business had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.11 billion. During the same quarter in the previous year, the firm earned $1.62 EPS. The firm’s revenue was up .0% compared to the same quarter last year. As a group, equities analysts anticipate that Emerson Electric will post 7.35 EPS for the current fiscal year.

Emerson Electric Company Profile

Emerson Electric Co. is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software. The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.