Emerson Electric's fourth-quarter results capped off a very difficult year for the diversified industrial company. Emerson started its fiscal year struggling with weak energy capital spending and a strong U.S. dollar. Unfortunately, adding insult to injury, the year got worse. As the year progressed, issues like weakening emerging market growth and slowing industrial spending joined the party. Despite recent travails, the company continues to be well respected by dividend investors for being a Dividend Aristocrat -- 2015 marked the 59th consecutive year of increased dividends -- so let's take a look at the results and how management is dealing with difficult markets.


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