Emera Incorporated (TSE:EMA) Announces $0.73 Quarterly Dividend

Emera Incorporated (TSE:EMA - Get Free Report) announced a quarterly dividend on Thursday, May 1st, RTT News reports. Stockholders of record on Thursday, May 1st will be paid a dividend of 0.725 per share on Thursday, May 15th. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Thursday, May 1st.

Emera Stock Performance

EMA traded up C$0.26 during trading on Tuesday, reaching C$59.61. 1,029,149 shares of the company were exchanged, compared to its average volume of 1,483,338. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The stock has a market cap of C$17.48 billion, a P/E ratio of 23.10, a PEG ratio of 6.20 and a beta of 0.35. Emera has a 52 week low of C$44.13 and a 52 week high of C$63.13. The firm has a 50 day moving average of C$58.33 and a 200 day moving average of C$54.93.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EMA shares. CIBC boosted their target price on shares of Emera from C$59.00 to C$63.00 in a research note on Friday, April 4th. BMO Capital Markets increased their price objective on Emera from C$58.00 to C$60.00 in a report on Monday, February 24th. Scotiabank lifted their target price on Emera from C$60.00 to C$62.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Royal Bank of Canada raised their price target on Emera from C$60.00 to C$63.00 in a report on Monday, February 24th. Finally, Raymond James upped their price objective on shares of Emera from C$57.00 to C$59.00 in a report on Monday, February 24th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$58.55.

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Emera Company Profile

Emera Incorporated, 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.