Emerson Electric Stock To Go Ex-dividend Tomorrow (EMR)

NEW YORK (TheStreet) -- The ex-dividend date for Emerson Electric (NYSE:EMR) is tomorrow, May 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $48.73 as of 9:30 a.m. ET, the dividend yield is 3.3%.

The average volume for Emerson Electric has been 4.1 million shares per day over the past 30 days. Emerson Electric has a market cap of $35.75 billion and is part of the industrial goods sector and industrial industry. Shares are up 4.6% year to date as of the close of trading on Monday.

Emerson Electric Co. operates as a diversified technology company worldwide. It engages in designing and supplying products and technology, and delivering engineering services and solutions to industrial, commercial, and consumer markets. The company has a P/E ratio of 15.6, above the average industrial industry P/E ratio of 15.5 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Emerson Electric Ratings Report.

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