General Electric (GE) and Emerson Electric (EMR) are very similar companies. They operate in the industrial sector, and both are experiencing similar challenges right now, namely the strong U.S. dollar and weak commodity prices.
And, both stocks have attractive 3.2% dividend yields.
But Emerson Electric has one of the most impressive histories of raising dividends in the entire stock market. It has increased its shareholder payout for 60 years in a row.
As a result, it is a member of the Dividend Aristocrats, a group of companies in the S&P 500 that have raised dividends for 25+ years.
Not only that, but Emerson is also on the Dividend Kings list, which includes companies with 50+ years of consecutive dividend increases.
Emerson is one of just 19 Dividend Kings. You can see the entire list of Dividend Kings here.
This article will discuss three major reasons why I prefer Emerson stock over GE.