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

Emera Incorporated (TSE:EMA) declared 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 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Thursday, May 1st.

Emera Stock Performance

Shares of TSE:EMA opened at C$61.08 on Tuesday. The company has a market capitalization of C$17.91 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 6.20 and a beta of 0.35. The firm’s 50 day simple moving average is C$59.32 and its 200 day simple moving average is C$55.47. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. Emera has a fifty-two week low of C$44.13 and a fifty-two week high of C$63.13.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EMA shares. UBS Group increased their price target on shares of Emera from C$54.00 to C$59.00 in a research report on Friday, March 21st. Royal Bank of Canada increased their price target on shares of Emera from C$60.00 to C$63.00 in a research report on Monday, February 24th. BMO Capital Markets increased their target price on Emera from C$58.00 to C$60.00 in a research note on Monday, February 24th. Scotiabank increased their target price on Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, CIBC increased their target price on Emera from C$63.00 to C$64.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock 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.