Emera Incorporated (TSE:EMA) Raises Dividend to $0.66 Per Share

Emera Incorporated (TSE:EMA) declared a quarterly dividend on Tuesday, October 12th, Zacks reports. Shareholders of record on Monday, November 1st will be paid a dividend of 0.663 per share on Monday, November 15th. This represents a $2.65 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Friday, October 29th. This is a boost from Emera’s previous quarterly dividend of $0.64.

Shares of EMA stock opened at C$58.51 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.67 and a debt-to-equity ratio of 161.88. The business has a 50 day moving average of C$58.79 and a two-hundred day moving average of C$57.56. Emera has a 52 week low of C$49.66 and a 52 week high of C$60.26. The company has a market cap of C$15.01 billion and a P/E ratio of 24.08.

Emera (TSE:EMA) last issued its earnings results on Wednesday, August 11th. The company reported C$0.54 EPS for the quarter, meeting the Zacks’ consensus estimate of C$0.54. The company had revenue of C$1.14 billion during the quarter, compared to analyst estimates of C$1.21 billion. Analysts expect that Emera will post 3.0799998 EPS for the current fiscal year.

A number of research firms have recently weighed in on EMA. BMO Capital Markets reaffirmed an “outperform” rating on shares of Emera in a report on Tuesday, September 21st. Credit Suisse Group reaffirmed a “neutral” rating on shares of Emera in a report on Thursday, September 2nd. UBS Group reaffirmed a “buy” rating and set a C$65.00 price target on shares of Emera in a report on Monday, August 9th. CIBC reissued a “neutral” rating and set a C$59.00 target price on shares of Emera in a report on Wednesday, August 11th. Finally, Wells Fargo & Company boosted their target price on Emera to C$62.00 in a report on Thursday, August 12th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Emera has an average rating of “Buy” and a consensus target price of C$61.64.

About Emera

Emera Incorporated, an energy and services company, 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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Dividend History for Emera (TSE:EMA)

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