The Board of Directors of Emerson (ticker: EMR) approved an increase in the dividend on the company’s common stock to $0.475 per quarter from $0.47, a 1.1% increase. While the increase was modest, this is the 57th consecutive year the company has raised its dividend. Few companies have such a lengthy track record of consecutive annual dividend increases. At last week’s closing price of $49.23 per share, the new dividend represents a current yield of 3.9%.
Emerson is a stock holding in NovaPoint Capital’s Dividend Growth Strategy. Our Strategy seeks to own high-quality, dividend-paying stocks with track records of annual dividend increases. Our research shows that a portfolio of companies with track records of raising their dividends has, on average, produced total returns higher than both the market and their non-dividend paying peers. The average track record of dividend increases for companies in our current portfolio is thirty-one years.
NovaPoint Capital LLC (@novapointcap) is a state Registered Investment Advisor based in Atlanta, Georgia. We manage investment portfolios for institutions and individuals. We also provide sub-advisory services for other investment advisors. More information can be found on our website at: https://novapointcapital.com/
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