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
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HERE IS A QUICK FACT SHEET FOR THE STOCK I JUST PURCHASED:
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?
