Emera Inc (TSE:EMA) Announces Quarterly Dividend of $0.52
Emera Inc (TSE:EMA) announced a quarterly dividend on Friday, July 28th, TickerTech reports. Investors of record on Tuesday, August 15th will be given a dividend of 0.5225 per share on Tuesday, August 15th. This represents a $2.09 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Friday, July 28th.
Shares of Emera (TSE:EMA) opened at 47.21 on Friday. The firm has a market cap of $9.96 billion and a price-to-earnings ratio of 17.94. The company’s 50 day moving average is $48.11 and its 200 day moving average is $46.81. Emera has a 52-week low of $43.76 and a 52-week high of $49.70.
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EMA has been the topic of a number of research analyst reports. Wells Fargo & Company initiated coverage on shares of Emera in a report on Thursday, April 13th. They issued a “market perform” rating on the stock. Barclays PLC increased their price target on shares of Emera from C$51.00 to C$55.00 in a report on Friday, April 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a C$59.00 price target on shares of Emera in a report on Wednesday, March 29th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Emera currently has an average rating of “Buy” and an average price target of C$53.50.
Emera Incorporated is an energy and services company, which invests in electricity generation, transmission and distribution, gas transmission and utility services. The Company operates through six segments: Emera Florida and New Mexico; Nova Scotia Power Inc (NSPI); Emera Maine; Emera Caribbean; Emera Energy, and Corporate and Other.
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