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

Emera Incorporated (TSE:EMA - Get Free Report) declared a quarterly dividend on Friday, July 11th, RTT News reports. Stockholders of record on Friday, August 1st will be given a dividend of 0.725 per share on Friday, August 15th. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.64%.

Emera Stock Up 0.2%

Shares of TSE:EMA opened at C$62.53 on Friday. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. Emera has a 1 year low of C$45.79 and a 1 year high of C$63.31. The stock has a market capitalization of C$18.33 billion, a P/E ratio of 24.24, a PEG ratio of 6.20 and a beta of 0.35. The stock has a 50-day simple moving average of C$61.40 and a 200-day simple moving average of C$58.66.

Analyst Ratings Changes

EMA has been the topic of a number of recent analyst reports. BMO Capital Markets upped their target price on Emera from C$60.00 to C$65.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. TD Securities raised Emera to a "strong-buy" rating and set a C$69.00 target price on the stock in a research report on Friday, June 27th. Desjardins set a C$62.00 target price on Emera and gave the company a "hold" rating in a research report on Tuesday, May 6th. Raymond James Financial dropped their price target on Emera from C$64.00 to C$59.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Finally, CIBC upped their price target on Emera from C$63.00 to C$64.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Emera presently has an average rating of "Moderate Buy" and a consensus price target of C$60.58.

Emera Company Profile

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.

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