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Emera Announces Increase in Common Dividend

TSX:EMAEMATSX:EMA.PR.LTSX:EMA.PR.JTSX:EMA.PR.ETSX:EMA.PR.FTSX:EMA.PR.ATSX:EMA.PR.HTSX:EMA.PR.BTSX:EMA.PR.C
  • Emera Inc.'s Board approved a quarterly dividend increase to $0.74 per share.
  • The new dividend represents an annualized rate of $2.96, a 1% rise from the prior $2.93 annual rate.
  • This marks the company's 20th consecutive year of dividend growth.
  • CEO Scott Balfour cited forecasted 7-8% rate base growth & 5-7% average adjusted EPS growth targets through 2030 as support for the increase.
  • Emera serves approximately 2.1 million customers across the US, Canada, & the Caribbean with a workforce of 6,800 employees.
  • Shares trade on the Toronto Stock Exchange (TSX) & New York Stock Exchange (NYSE) under the ticker EMA.