WE RECENTLY PURCHASED THE FOLLOWING
Total Spent: $354.00
EMERSON ELECTRIC (EMR)
Purchased 8 shares of EMR on 9/22/2015 at $44.25Total Spent: $354.00
This morning, with Emerson Electric (EMR) seemingly this month's ASK THE READERS pick, we decided to place an order to buy 8 shares of EMR. In case you missed it, we asked our readers to pick a stock between Royal Dutch Shell (RDS.B), Toronto-Dominion Bank (TD), and Emerson Electric (EMR). At the time of this write up, the final tally was: RDS.B- 0, TD- 1, and EMR- 3. Based on the comments and results, it is clear that even at all time lows, investors are staying clear of oil for the moment.
Company Description
From Google Finance:
“Emerson Electric Co. is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. The Process Management segment provides measurement, control and diagnostic capabilities for automated industrial processes. The Industrial Automation segment provides integrated manufacturing solutions to its customers at the source of manufacturing their own products. The Network Power segment designs, manufactures, installs and maintains products providing grid-to-chip electric power conditioning. The Climate Technologies segment provides products and services for the climate control industry. The Company’s Commercial & Residential Solutions segment offers a range of tools, storage products and appliance solutions.”
At the end of the day, we were happy to be adding 8 more shares of EMR (Emerson Electric) to our family's dividend stocks portfolio. We originally picked up shares of EMR back in October of 2014, and recently added to our holding in July as well as last month. With our purchase today, we now own 35 total shares of EMR in our family's dividend stocks portfolio. I'm happy to report that the cost basis for our EMR shares slightly decreased from $54.94 to $52.50. Our estimated forward dividends grew another $15.04, putting our yearly dividends at approximately $3,379/year (excluding our Edwards Jones account) and $3,737/year (including our Edward Jones account).
Our family's dividend stocks portfolio may be found
by clicking on the link below:
We also maintain an extensive list of stock analysis
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HERE IS A QUICK FACT SHEET FOR THE STOCK I JUST PURCHASED:
EMERSON ELECTRIC (EMR)
P/E: 12.43
Payout Ratio: 51.12%
Dividend Yield: 4.17%
58 consecutive years of dividend increases
Last Ex-dividend date: 8/13/2015
Payout Ratio: 51.12%
Dividend Yield: 4.17%
58 consecutive years of dividend increases
Last Ex-dividend date: 8/13/2015
Next Ex-dividend date: approx. - 11/13/2015
Have paid a dividend since: 1947 (68 years)
Pays a dividend 4 times a year.
Market Cap: 29.3 Billion
52-week high: $65.94
52-week low: $44.03
Purchased Price: $44.25
What are your thoughts about my recent purchase?
What are you buying?
Have paid a dividend since: 1947 (68 years)
Pays a dividend 4 times a year.
Market Cap: 29.3 Billion
52-week high: $65.94
52-week low: $44.03
Purchased Price: $44.25
What are your thoughts about my recent purchase?
What are you buying?
Another great purchase, AFFJ. EMR sure is getting a lot of attention from DGIs and for good reason. I really like their business and would love to buy it too.
ReplyDeleteBest
R2R
Thanks R2R. Yes, quite popular among DGIs. Glad to have the opportunity to pick up more shares at current prices. Hope you get your opportunity as well.
DeleteBest wishes, AFFJ
Missed your voting, but would have said EMR also - based larger on the safety of the low payout ratio, a payout around 50% these days is extremely good.
ReplyDeleteCouldn't agree with you more! Although there are other stocks paying even higher dividends, their payout ratios are extremely high. Not only do I like that EMR has a payout ratio of just 51%, their 4.1% yield is still quite attractive.
DeleteThanks for stopping by and leaving your comment. AFFJ
EMR looks great here although I have my eyes on another industrial company, Eaton. Really like the company and that 4.2% yield is very enticing. Although EMR's is nice too around 4.3%. Either company is a solid choice here. I wouldn't mind increasing my stake in EMR either. There's quite a few opportunities right now but no capital in my accounts, well not enough to make any purchases at this time.
ReplyDeleteWe have Eaton on our watch list as well but since we already owned EMR we figured adding to our holding would be best given that now have 47 different dividend paying stocks in our portfolio. :)
DeleteHope you get some more capital soon so that you can take advantage of the bearish market prices. Cheers to discount prices! AFFJ
AFFJ,
ReplyDeleteSmooth pick up! I am, again, looking to buy more if prices continue to stay below $44... it's incredible how low they are trading at!
-Lanny
Thanks Lanny. Seems to be hanging around $43-44 for now. Who knows, you might just get the opportunity your looking for. :) We have no problems adding more shares as well if prices stay at current levels.
DeleteThanks for commenting. Best wishes! AFFJ
Nice buy, AFFJ! I really like EMR at these prices, getting closer to almost 5 years low. Good time to buy. Keep racing!
ReplyDeleteThanks Race2Retirement, great price, decent yield and payout ratio, thinking we probably should have grabbed more shares! Sine this was somewhat of a small purchase, we may grab a few more shares in the coming weeks if prices remain at current levels (hopefully sometime before the next Ex-dividend).
DeleteThanks for stopping by my friend. AFFJ