In this article, we discuss 5 dividend stocks better than cryptocurrencies. If you want to see some more stocks in this selection, 10 Dividend Stocks Better Than Cryptocurrencies.
5. Emerson Electric Co. (NYSE:EMR)
Dividend Yield as of March 24: 2.10%
Number of Hedge Fund Holders: 43
Headquartered in Ferguson, Missouri, Emerson Electric Co. (NYSE:EMR) is a multinational corporation that offers complex engineered electrical equipment, such as process control systems, industrial automation tools, electric motors, and storage systems.
On February 2, Emerson Electric Co. (NYSE:EMR) declared a quarterly dividend of $0.515 per share. The dividend was paid on March 10. The company delivers a yield of 2.10% as of March 24. Emerson Electric Co. (NYSE:EMR) is a notable dividend king, having increased its dividend consistently for 65 years. This makes the stock a dependable investment for those who do not wish to dabble in the risky crypto universe.
Oppenheimer analyst Christopher Glynn upgraded Emerson Electric Co. (NYSE:EMR) on March 9 to Outperform from Perform with a $110 price target. The analyst cited the “excellent persistent capital preservation characteristics” in shares, Emerson Electric Co. (NYSE:EMR)’s “strong global leadership position” in automation solutions, and a “multi-faceted backdrop of cyclical and secular drivers” for the upgrade.
A total of 43 hedge funds held long positions in Emerson Electric Co. (NYSE:EMR) at the end of December 2021, up from 41 funds in the earlier quarter. Two Sigma Advisors held the largest stake in Emerson Electric Co. (NYSE:EMR), owning 2.6 million shares worth over $250 million.