On November 3, the board of directors of Emerson (NYSE: EMR) voted to increase the quarterly cash dividend from forty-seven cents ($0.47) to forty-seven and a half cents ($0.475) per share of common stock payable December 10, 2015 to stockholders of record November 13, 2015. The increase is merely 1.06%.
I have 50 EMR shares, which means that my forward gross annual dividend will become $95.00 and the YOC of my EMR position remains 3.2%. I plan to sell EMR shares, but wait until November 14 to get this dividend.
Disclosure: Long EMR