- EMR -1.08%
Emerson Electric Co. (NYSE:EMR) is included among the 15 High Quality Dividend Stocks for Long-Term Investors.
Emerson (EMR) Outlines 2028 Financial Targets and $10 Billion Shareholder Return Plan Photo by Vitaly Taranov on Unsplash
On November 20, Emerson Electric Co. (NYSE:EMR) unveiled its financial targets through 2028 along with a shareholder return plan, while highlighting its strategic focus on “engineering the autonomous future.”
Emerson Electric Co. (NYSE:EMR) intends to return $10 billion to shareholders via share repurchases and dividend increases through 2028. The company also outlined a through-the-cycle framework targeting 4%-7% organic sales growth, 40% incremental margins, 10% adjusted EPS growth, and an 18%-20% free cash flow margin.
Earlier, on November 5, Emerson Electric Co. (NYSE:EMR) announced a 5.2% increase in its quarterly dividend to $0.555 per share, marking the company’s 69th consecutive year of dividend growth. The company also disclosed that its Board authorized the repurchase of up to 50 million shares of common stock, in addition to the remaining roughly 20 million shares from a March 2020 authorization of 60 million shares.
Emerson Electric Co. (NYSE:EMR) is a global industrial technology company specializing in advanced automation solutions.
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