Emerson Electric (NYSE: EMR) has raised its dividend every year for the last 64 years and it looks highly likely that it will be able to continue raising it for the foreseeable future. Sporting a 3.1% yield as of this writing, the stock is a very good fit for income-seeking investors and it also looks undervalued right now. Here's why.
The key arguments are as follows:
Emerson Electric is reliant on spending from heavy industries such as oil. Image source: Getty Images.
For further details see:
This Industrial Stock Is a Great Buy for Dividend Investors