Emerson Electric Co., founded in 1890, is a diversified global manufacturing company known for its engineering innovations and solutions in automation, commercial and residential real estate and climate technologies. The company, headquartered in St. Louis, emphasizes sustainable and efficient technologies, catering to a wide range of industries from oil and gas to renewable energy.
While that may not sound exciting on the surface, Emerson Electric is one of those companies that has achieved solid returns since going public more than 60 years ago.
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Dec. 11, 2006: The Date Of Emerson's Last Stock Split
Emerson Electric stock has split seven times, dating back to the first event on Feb. 5, 1960. Its most recent split occurred on Dec. 11, 2006.
On Dec. 12, 2006, Emerson closed the trading day at $42.98.
Fast forward nearly 17 years. On Dec. 5, 2023, Emerson closed the trading day at $88.34.
From Dec. 12, 2006, to Dec. 5, 2023, Emerson Electric’s stock price experienced a 105.54% increase, indicating that the stock more than doubled in value. In terms of dollar gain, the stock price increased by about $45.36, rising from $42.98 to $88.34.
If an investor had invested $1,000 on Dec. 12, 2006, when the stock was trading at $42.98 per share, they could have purchased approximately 23.27 shares. Fast forward to Dec. 5, 2023, with Emerson’s stock price at $88.34, and these shares would have grown significantly in value. The total value of this investment would be approximately $2,056.
In addition to strong gains in its stock price, Emerson has attracted investors thanks in large part to its status as a dividend king. Get this: The company has raised its dividend for 66 consecutive years, giving it one of the longest dividend growth streaks you'll ever see.
These numbers show that a $1,000 investment in Emerson Electric on Dec. 11, 2006, would have returned a handsome sum.
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