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

Emera Incorporated (TSE:EMA) announced a quarterly dividend on Friday, October 11th, Zacks reports. Stockholders of record on Friday, November 1st will be given a dividend of 0.725 per share on Friday, November 15th. This represents a $2.90 annualized dividend and a dividend yield of 5.73%. The ex-dividend date of this dividend is Friday, November 1st.

Emera Price Performance

Emera stock opened at C$50.63 on Friday. The business’s 50-day simple moving average is C$51.11 and its 200 day simple moving average is C$48.56. The stock has a market cap of C$14.60 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 2.77 and a beta of 0.35. Emera has a 12-month low of C$43.67 and a 12-month 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.

Emera (TSE:EMA) last issued its earnings results on Friday, August 9th. The company reported C$0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.56 by C($0.03). Emera had a net margin of 10.83% and a return on equity of 6.60%. The business had revenue of C$1.62 billion during the quarter, compared to the consensus estimate of C$1.67 billion. As a group, research analysts anticipate that Emera will post 3.121734 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on EMA. Bank of America set a C$55.00 price target on Emera and gave the stock a “neutral” rating in a research report on Friday, September 20th. Raymond James lifted their price target on shares of Emera from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. National Bankshares boosted their price target 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. Royal Bank of Canada boosted their price target on shares of Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Scotiabank boosted their target price on shares of Emera from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$52.10.

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.