Emera Incorporated (EMA) To Go Ex-Dividend on May 1st

Emera Incorporated (TSE:EMA) announced a quarterly dividend on Thursday, May 1st, RTT News reports. Shareholders of record on Thursday, May 1st will be given a dividend of 0.725 per share on Thursday, May 15th. This represents a $2.90 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Thursday, May 1st.

Emera Price Performance

EMA stock opened at C$61.08 on Tuesday. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. The business has a 50 day simple moving average of C$59.32 and a 200-day simple moving average of C$55.47. The firm has a market capitalization of C$17.91 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. Emera has a 1 year low of C$44.13 and a 1 year high of C$63.13.

Analyst Upgrades and Downgrades

EMA has been the subject of several analyst reports. Royal Bank of Canada increased their price objective on Emera from C$60.00 to C$63.00 in a research report on Monday, February 24th. BMO Capital Markets increased their price objective on Emera from C$58.00 to C$60.00 in a research report on Monday, February 24th. Scotiabank increased their price objective on Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Raymond James lowered their price objective on Emera from C$64.00 to C$59.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. Finally, CIBC increased their price objective on Emera from C$63.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Emera currently has an average rating of “Moderate Buy” and a consensus target price of C$58.64.

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.