5 of 6
BACK NEXT
Emerson Electric
Emerson Electric

As demand for industrial equipment in the U.S. and Europe begin to slow, Emerson Electric's diversification is, uh, paying dividends.

Sales grew 9% overseas in the last quarter compared to 5% in North America. Revenues were up 16% in Asia alone. Citigroup's Jeffrey Sprague predicts that high-growth emerging markets could account for 30% of total sales this year, helping to offset any domestic sales declines.

And the company is positioned to capitalize on the growing demand for energy efficient products worldwide. "Many of [Emerson's] businesses sit at the cross roads of the need for power and energy efficiency," wrote Sprague in a report.

Emerson currently offers a dividend yield of 2.3% and the dividend has increased at an average rate of 8% over the past five years.



NEXT: Wm. Wrigley Jr.
Last updated June 20 2008: 1:23 PM ET
More Galleries
7 quirky luxury products for the super rich Take a look at some of the most unusual luxury products being marketed to the top 1% in Monaco, including a rotating sunbed, hand-made wooden skis and fur coats for dogs. More
Five things to know about Putin's Russia An economic crisis, Western sanctions and a comeback currency: What's going on in Russia? More
9 up-and-coming collectible cars They're relatively cheap now but these models have already caught collectors' eyes and are expected to increase in value in years to come More

Special Offer