Today, Emerson Electric (EMR) announced a 10% increase in the company's 4th quarter dividend. The new quarterly dividend increases to 33 cents per share versus 30 cents per share in the same quarter last year. The projected payout ratio is approximately 40% based on 2009 estimated earnings of $3.28. The 5-year average payout ratio is approximately 49%. EMR carries an S&P Earnings & Dividend Ranking of A.
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