Emera Incorporated (EMA) to Issue Quarterly Dividend of $0.73 on August 17th

Emera Incorporated (TSE:EMAGet Free Report) announced a quarterly dividend on Friday, July 31st, TickerTech Dividends reports. Stockholders of record on Monday, August 17th will be paid a dividend of 0.7325 per share on Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, July 31st.

Emera Price Performance

TSE:EMA traded up C$0.10 during mid-day trading on Wednesday, hitting C$76.91. The company’s stock had a trading volume of 43,412 shares, compared to its average volume of 1,221,583. The company has a market capitalization of C$23.53 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 6.20 and a beta of 0.57. The company has a current ratio of 1.07, a quick ratio of 0.23 and a debt-to-equity ratio of 168.83. Emera has a fifty-two week low of C$63.17 and a fifty-two week high of C$77.99. The stock has a fifty day moving average of C$74.37 and a 200-day moving average of C$71.87.

Emera (TSE:EMAGet Free Report) last issued its earnings results on Friday, May 8th. The company reported C$1.37 earnings per share (EPS) for the quarter. Emera had a return on equity of 7.90% and a net margin of 13.20%.The business had revenue of C$2.81 billion during the quarter. As a group, equities analysts forecast that Emera will post 3.1991627 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Desjardins upped their price objective on shares of Emera from C$70.00 to C$74.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Scotiabank lifted their price objective on Emera from C$78.00 to C$80.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 21st. BMO Capital Markets increased their target price on Emera from C$76.00 to C$80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Bank of America raised their price target on shares of Emera from C$73.00 to C$74.00 in a report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. lifted their target price on Emera from C$73.00 to C$79.00 in a research note on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$75.77.

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About Emera

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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.

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Dividend History for Emera (TSE:EMA)

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