Investing in dividend-paying stock companies is a popular choice for many people looking to earn passive income, especially retirees. These stocks offer a steady stream of income and potential for capital growth, making them attractive investments. Three companies worth considering are Emerson Electric (EMR), Micron Technology (MU), and General Electric Company (GE), all trading at under $200 per share and rated as “strong buys” by analysts.
Emerson Electric, based in Ferguson, is a global manufacturing and technology company with a market capitalization of $61.7 billion. The company has a strong dividend history, currently paying $2.10 annually with a 1.96% yield. Emerson’s Q1 earnings exceeded expectations, with revenue up 16.5% year-over-year. Analysts are bullish on Emerson stock, with a consensus rating of “Strong Buy” and a mean price target of $128.
Micron Technology, a global semiconductor company founded in 1978, specializes in memory and storage solutions. With a market capitalization of $145 billion, Micron has seen significant growth in its latest quarterly results. The company pays a quarterly dividend of 11 cents with an annual yield of 0.34%. Wall Street analysts rate Micron stock as a “Strong Buy,” with a mean price target of $134.
GE Aerospace, based in Cincinnati, is a leader in aviation technology with a market capitalization of $179.7 billion. The company has shown robust growth in its dividend payout, offering a quarterly dividend of 28 cents per share with a yield of 0.69%. GE Aerospace’s first-quarter results exceeded estimates, with earnings at 82 cents and sales up 11% year-over-year. Analysts give GE Aerospace a consensus “Strong Buy” rating with a mean price target of $185.
Overall, these three companies offer a blend of stability and potential for investors seeking high yields on lower-priced stocks. Consider adding Emerson Electric, Micron Technology, and GE Aerospace to your investment strategy for a chance to enhance your portfolio.