Investment Thesis For Emerson Electric
In my recent article quantitatively screening the Dividend Kings based on my criteria, I identified four stocks that are potentially interesting for Dividend Growth Investors. One of these was Emerson Electric (EMR). The company is a long time Dividend King, having paid a growing dividend for 62 straight years, one of the few public companies with 60+ years of increased dividends.
Emerson Electric has a dividend yield over 3%, a P/E ratio below the broader market average, a fairly conservative balance sheet, and a long history of growing