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.
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