Emera Incorporated (TSE:EMA) to Issue Dividend Increase - $0.74 Per Share

Key Points

• Emera raised its quarterly dividend by 1% to C$0.74 per share, equivalent to C$2.96 annually and a 4.3% yield. The ex-dividend date and record date are both listed as October 30 and November 13, respectively.
• Emera shares opened at C$68.89, within a 12-month range of C$64.62 to C$77.99, with a market capitalization of approximately C$21.07 billion.
• The company reported quarterly revenue of C$2.01 billion and EPS of C$0.69, while analysts expect full-year EPS of C$3.20.

Emera Incorporated (TSE:EMA - Get Free Report) declared a quarterly dividend on Friday, October 30th. Investors of record on Friday, November 13th will be given a dividend of $0.74 per share on Friday, November 13th. This represents a $2.96 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, October 30th. This is a 1.0% increase from Emera's previous quarterly dividend of $0.7325.

Emera Price Performance

Shares of EMA opened at C$68.89 on Wednesday. Emera has a 12-month low of C$64.62 and a 12-month high of C$77.99. The business's fifty day moving average is C$68.28 and its 200 day moving average is C$71.01. The company has a quick ratio of 0.23, a current ratio of 0.73 and a debt-to-equity ratio of 153.87. The stock has a market cap of C$21.07 billion, a P/E ratio of 21.87, a P/E/G ratio of 6.20 and a beta of 0.42.

Emera (TSE:EMA - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported C$0.69 earnings per share (EPS) for the quarter. The firm had revenue of C$2.01 billion for the quarter. Emera had a net margin of 12.85% and a return on equity of 7.51%. Sell-side analysts anticipate that Emera will post 3.20 earnings per share for the current fiscal year.

About Emera

Emera TSX/NYSE: EMA is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera's common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.

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