Emerson Keeps Dividend Steady
Diversified industrial manufacturer Emerson announced today its third-quarter dividend of $0.41 per share, the same rate it's paid for the past three quarters after raising the payout 2.5% from $0.40 per share.
The board of directors said the quarterly dividend is payable on Sept. 10 to the holders of record at the close of business on Aug. 16. The regular dividend payment equates to a $1.64-per-share annual dividend, yielding 2.6% based on the closing price today of Emerson's stock.
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