Emera Incorporated (EMA) To Go Ex-Dividend on October 30th

Emera Incorporated (TSE:EMA) declared a quarterly dividend on Friday, October 30th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.74 per share on Friday, November 13th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, October 30th. This is a 1.0% increase from Emera’s previous quarterly dividend of $0.7325.

Emera Price Performance

TSE:EMA opened at C$68.89 on Wednesday. The company has a 50-day moving average of C$68.28 and a 200-day moving average of C$71.01. The company has a market capitalization of C$21.07 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 6.20 and a beta of 0.42. Emera has a 52 week low of C$64.62 and a 52 week high of C$77.99. The company has a debt-to-equity ratio of 153.87, a quick ratio of 0.23 and a current ratio of 0.73.

Emera (TSE:EMA) last released its quarterly earnings data on Friday, August 7th. The company reported C$0.69 earnings per share (EPS) for the quarter. The firm had revenue of C$2.01 billion during the quarter. Emera had a return on equity of 7.51% and a net margin of 12.85%. As a group, equities research analysts anticipate that Emera will post 3.20 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of Emera from C$76.00 to C$84.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Scotiabank boosted their target price on Emera from C$78.00 to C$80.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 21st. Desjardins set a C$74.00 price target on Emera and gave the stock a “hold” rating in a research report on Tuesday. National Bank Financial raised their price target on Emera from C$73.00 to C$74.00 and gave the company a “sector perform” rating in a report on Thursday, October 8th. Finally, Raymond James Financial raised their price target on Emera from C$75.25 to C$77.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$76.25.

About Emera

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.