Emera Incorporated (TSE:EMA) to Issue Quarterly Dividend of $0.66

Emera Incorporated (TSE:EMA) declared a quarterly dividend on Tuesday, January 11th, Zacks reports. Investors of record on Tuesday, February 1st will be paid a dividend of 0.663 per share on Tuesday, February 15th. This represents a $2.65 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Monday, January 31st.

Shares of TSE:EMA opened at C$60.53 on Thursday. The stock has a market cap of C$15.66 billion and a price-to-earnings ratio of 33.65. The company has a quick ratio of 0.29, a current ratio of 0.61 and a debt-to-equity ratio of 161.35. Emera has a 12-month low of C$49.66 and a 12-month high of C$63.71. The business’s 50 day moving average is C$60.45 and its 200 day moving average is C$59.01.

Emera (TSE:EMA) last posted its quarterly earnings data on Wednesday, November 10th. The company reported C$0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.67 by C$0.01. The business had revenue of C$1.15 billion during the quarter, compared to analysts’ expectations of C$1.30 billion. As a group, equities research analysts expect that Emera will post 3.0699998 earnings per share for the current year.

Several analysts have issued reports on the company. Credit Suisse Group restated a “neutral” rating and issued a C$60.00 target price on shares of Emera in a research note on Thursday, December 2nd. CIBC boosted their price objective on Emera from C$60.00 to C$64.00 in a research note on Tuesday. CSFB set a C$60.00 price objective on Emera and gave the company a “neutral” rating in a research note on Thursday, December 2nd. Scotiabank boosted their price objective on Emera from C$64.00 to C$65.00 in a research note on Thursday, December 2nd. Finally, National Bankshares boosted their price objective on Emera from C$58.00 to C$59.00 and gave the company a “sector perform” rating in a research note on Thursday, December 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$62.54.

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.

Further Reading: Shanghai Stock Exchange Composite Index

Dividend History for Emera (TSE:EMA)

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