This Industrial Dividend Stock Will Hold Up No Matter the Market Conditions
Every bull market in Wall Street history has been followed by a bear market that eventually gives way to the next bull market. And every economic expansion has been followed by a contraction that sets up the next expansion. Human nature dictates the timing of these often extreme swings.
If you can handle a little uncertainty, buying great companies during the down times can lead to strong long-term results when the up times resume. Given this advice, one stock you might want to consider today is industrial giant Emerson Electric (NYSE: EMR). Here's why.
Industrial companies generally sell products to other companies, so recessions can be tough for business. However, some industrials have proven that they can ride the cycle while continuing to reward investors for sticking around. Emerson Electric, for example, has increased its dividend annually for 65 consecutive years. That makes the company a highly elite Dividend King.
Source Fool.com
