Emerson Electric raises dividend for 59th consecutive year

Dividend Aristocrat Emerson Electric (EMR) will raise its dividend by 1.1%.

Emerson Electric will increase its quarterly dividend to $0.475 per share. The new annual dividend of $1.90 for 2016 will mark 59 years of higher dividends for Emerson.

Emerson Electric currently has an indicated dividend yield of 3.8%.

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