Emerson Electric (NYSE: EMR) declared a quarterly dividend of $0.49 per share, or $1.96 annualized. This is a 1% increase from the prior dividend of $0.4850.

The dividend will be payable on December 10, 2018, to stockholders of record on November 16, 2018, with an ex-dividend date of November 15, 2018.

The annual yield on the dividend is 2.8 percent.

“Increasing our dividend, as we have done every year since 1956, is a testament to our performance culture and commitment to achieving our long-term strategic and financial goals,” said Emerson Chairman and Chief Executive Officer David N. Farr. “In 2018, we returned more than $2.2 billion to shareholders through dividends and share repurchases and drove improvement in dividends paid as a share of free cash flow. Emerson is focused on delivering value for our shareholders through ongoing dividend growth and financial performance.”

For a dividend history and other dividend-related data on Emerson Electric (EMR) click here.