From Dividend Growth Stocks:
56 years is a long time to do anything. In 1956, (56 years ago) a new car cost around $2,050. The U.S. population was 169 million and the world population was at 2.8 billion. A gallon of gas in the U.S. cost 22 cents, while a loaf of bread cost 18 cents. Gold was $35 an ounce and silver was 90 cents an ounce. You could mail a letter first class for just 3 cents.
Elvis Presley made his first television appearance on The Dorsey Brothers Stage Show. Ernie Kovacs becomes the host for NBC's The Tonight Show on Mondays and Tuesdays. Bob Barker makes his first appearance on Truth or Consequences. An estimated 45 million people watched The Wizard of Oz in its TV debut on CBS.
Around the World in 80 Days won the Academy Award for best motion picture. Yul Brynner in The King and I won Best Actor, while Ingrid Bergman won Best Actress in Anastasia. Norma Jean Mortenson changed her name to Marilyn Monroe. Celebrities born in 1956 include Mel Gibson, Bill Maher, Joe Montana, Jerry Hall, Montel Williams, and Terry Labonte.
The Platters were singing "The Great Pretender." Elvis Presley released "Hound Dog" and "Heartbreak Hotel." Dean Martin's hit was "Memories are Made of This." Carl Perkins sang "Blue Suede Shoes" and Johnny Cash's hit song was "I Walk the Line."
What were you doing 56 years ago in 1956? Some of use weren't even born. However, one company notched its first dividend increase in what would become an eye-popping 56 year continuous string. Who is this company? It is...
Emerson Electric Co. (EMR)
The company engages in designing and supplying products and technology, and delivering engineering services and solutions to industrial, commercial, and consumer markets.
On November 6th, the company increased its quarterly dividend 2.5% to $0.41 per share. The dividend is payable December 10, 2012, to stockholders of record November 16, 2012. The yield based on the new payout is 3.2%.
Below are several other companies that have recently increased their cash dividends to shareholders...
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