Best Defensive Companies To Buy Right Now: Electro-Sensors Inc.(ELSE)
Electro-Sensors, Inc. engages in the manufacture and distribution of industrial production monitoring and process control systems; and the development and distribution of PC-based software for automated survey processing and hand printed character recognition. Its Production Monitoring Division manufactures and sells various monitoring systems that measure actual machine production and operation rates, as well as systems that regulate the speed of related machines in production processes. This division?s products comprise speed monitoring systems, including a line of digital products, which translate sensor impulses from its production monitoring systems into digital readouts indicating production counts or rates, such as parts, gallons, or board feet; alarm systems, tachometers, and other devices that translate impulses from the sensors into alarm signals, computer inputs, or digital displays; and drive control system products, which monitor machine operation levels and r egulate the speed of motors on related machines in a production sequence. It serves grain, feed, biofuels, food processing, chemicals, agricultural, mining, utility, forest products, steel, tire, glass, and electronics industries. This division sells its products through home office sales force, manufacturer?s representatives, and distributors in the United States, Mexico, China, Canada, Peru, Chile, Bolivia, Colombia, Thailand, Israel, Malaysia, Singapore, the Great Britain, and South Africa. The company?s AutoData Systems Division designs and markets desktop software based systems that read handprinted characters, checkmarks, and bar code information from scanned or faxed forms, as well as collects and reports data from Web forms. This division markets its products primarily through home office sales personnel, as well as through value-added resellers in the Unit! ed States, Canada, and western Europe. Electro-Sensors, Inc. was founded in 1968 and is based in Minnetonka, Mi n nesota.
Advisors' Opinion:- [By victorselva]
The current dividend yield is 3.1% outperforming not just the industry average (1.91%), but also the company Electro-Sensors, Inc. (ELSE) with a 3% dividend yield. So dividends are considered good to protect the purchasing power and might attract investors, because is a good option for them to receive cash while they are waiting for more upside appreciation.
source from Top Stocks For 2015:http://www.topstocksblog.com/best-defensive-companies-to-buy-right-now-2.html
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