Emera Incorporated (TSE:EMA) to Issue Dividend Increase - $0.73 Per Share

Emera Incorporated (TSE:EMA - Get Free Report) declared a quarterly dividend on Thursday, October 3rd, Zacks reports. Stockholders of record on Thursday, November 14th will be given a dividend of 0.725 per share on Thursday, November 14th. This represents a $2.90 annualized dividend and a dividend yield of 5.44%. The ex-dividend date is Thursday, October 3rd. This is a positive change from Emera's previous quarterly dividend of $0.72.

Emera Trading Down 0.0 %

EMA traded down C$0.01 during trading hours on Tuesday, reaching C$53.28. 1,574,033 shares of the company's stock traded hands, compared to its average volume of 1,214,094. The firm has a 50-day moving average price of C$50.81 and a 200 day moving average price of C$48.38. Emera has a 52-week low of C$43.67 and a 52-week high of C$53.83. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62. The firm has a market capitalization of C$15.37 billion, a PE ratio of 20.73, a PEG ratio of 2.77 and a beta of 0.34.

Emera (TSE:EMA - Get Free Report) last issued its quarterly earnings data on Friday, August 9th. The company reported C$0.53 earnings per share for the quarter, missing analysts' consensus estimates of C$0.56 by C($0.03). The company had revenue of C$1.62 billion for the quarter, compared to analysts' expectations of C$1.67 billion. Emera had a return on equity of 6.60% and a net margin of 10.83%. As a group, sell-side analysts predict that Emera will post 3.1690821 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EMA. Raymond James upped their target price on Emera from C$54.00 to C$57.00 and gave the company an "outperform" rating in a research report on Monday, August 12th. Scotiabank increased their price objective on Emera from C$52.00 to C$55.00 and gave the company an "outperform" rating in a report on Tuesday, August 20th. Royal Bank of Canada cut their price objective on Emera from C$60.00 to C$57.00 and set an "outperform" rating on the stock in a report on Monday, August 12th. JPMorgan Chase & Co. increased their price objective on Emera from C$45.00 to C$46.00 in a report on Thursday, July 25th. Finally, National Bankshares increased their price objective on Emera from C$49.00 to C$54.00 and gave the company a "sector perform" rating in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of C$51.80.

About Emera

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.