Emera Incorporated Plans Quarterly Dividend of $0.73 (TSE:EMA)

Key Points

• Emera declared a quarterly dividend of C$0.7325 per share, payable to shareholders of record on May 15 with an ex-dividend date of May 1, implying about a 4.0% yield.
• Shares opened at C$72.47; the company has a market cap of C$22.16 billion, a P/E of 21.44, a 52‑week range of C$59.02–C$74.80, and last reported quarterly EPS of C$0.55 on C$2.01 billion of revenue.
• Analysts' consensus is a Moderate Buy with an average target price of C$73.43, following multiple recent price‑target increases (five Buys, four Holds).

Emera Incorporated (TSE:EMA - Get Free Report) declared a quarterly dividend on Friday, May 1st, TickerTech Dividends reports. Shareholders of record on Friday, May 15th will be paid a dividend of 0.7325 per share on Friday, May 15th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, May 1st.

Emera Stock Performance

Shares of Emera stock opened at C$72.47 on Friday. The firm has a market capitalization of C$22.16 billion, a P/E ratio of 21.44, a P/E/G ratio of 6.20 and a beta of 0.54. Emera has a 52 week low of C$59.02 and a 52 week high of C$74.80. The company has a quick ratio of 0.23, a current ratio of 0.66 and a debt-to-equity ratio of 161.69. The firm's 50 day moving average is C$71.69 and its two-hundred day moving average is C$69.06.

Emera (TSE:EMA - Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The company reported C$0.55 EPS for the quarter. The company had revenue of C$2.01 billion for the quarter. Emera had a net margin of 13.11% and a return on equity of 8.11%. Research analysts forecast that Emera will post 3.1991627 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EMA has been the subject of a number of recent research reports. Desjardins increased their price target on shares of Emera from C$69.00 to C$70.00 and gave the stock a "hold" rating in a research note on Tuesday. Bank of America lifted their price objective on shares of Emera from C$73.00 to C$74.00 in a research note on Wednesday, April 8th. Raymond James Financial lifted their price objective on shares of Emera from C$74.50 to C$75.25 and gave the company an "outperform" rating in a research note on Tuesday. TD Securities lifted their price objective on shares of Emera from C$74.00 to C$75.00 and gave the company a "buy" rating in a research note on Tuesday, February 24th. Finally, National Bank Financial lifted their price objective on shares of Emera from C$67.00 to C$68.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$73.43.

Emera Company Profile

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.

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