ST. LOUIS, September 27, 2022--Emerson (NYSE: EMR) today announced an agreement to sell its Russia business, including Metran, its Russia-based manufacturing subsidiary, and Emerson LLC in Russia, the sales and service organization for Metran, to the local management team. This announcement follows the company’s May statement to exit its Russia business and explore strategic options to divest Metran.
When the broader stock market indices are posting double-digit percentage gains for consecutive years, a mere 2% or 3% dividend yield may seem inconsequential. United Parcel Service (NYSE: UPS), American Electric Power (NASDAQ: AEP), and Emerson Electric (NYSE: EMR) are three dividend stocks that look set to provide decades of passive income for your portfolio. Daniel Foelber (United Parcel Service): Since Carol Tomé took the role of CEO of UPS in March 2020, the company has delivered everything investors could hope for.
Emerson Electric (EMR) closed at $78.02 in the latest trading session, marking a -1.98% move from the prior day.