Emera Incorporated (TSE:EMA) to Issue Quarterly Dividend of $0.73

Emera Incorporated (TSE:EMA) announced a quarterly dividend on Friday, October 11th, Zacks reports. Stockholders of record on Friday, November 1st will be paid a dividend of 0.725 per share on Friday, November 15th. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date of this dividend is Friday, November 1st.

Emera Stock Performance

TSE EMA opened at C$51.80 on Wednesday. The firm has a market cap of C$14.94 billion, a P/E ratio of 20.16, a P/E/G 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$54.19. The business’s 50-day moving average price is C$51.90 and its 200 day moving average price is C$48.99. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62.

Emera (TSE:EMA) last posted 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 analyst estimates of C$1.67 billion. Emera had a return on equity of 6.60% and a net margin of 10.83%. On average, equities research analysts expect that Emera will post 3.1991627 earnings per share for the current year.

Analyst Ratings Changes

EMA has been the topic of several recent research reports. National Bankshares boosted their price objective on shares of Emera from C$49.00 to C$54.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Bank of America set a C$55.00 price target on shares of Emera and gave the stock a “neutral” rating in a report on Friday, September 20th. Raymond James lifted their price objective on Emera from C$54.00 to C$57.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Scotiabank increased their target price on Emera from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Finally, CIBC decreased their price target on Emera from C$51.00 to C$50.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$52.10.

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.