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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Emera Incorporated    EMA   CA2908761018

EMERA INCORPORATED

(EMA)
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Emera Incorporated : Approves Increase in Common Dividend

09/17/2020 | 09:05am EST

HALIFAX - On September 16, 2020 the Board of Directors of Emera Inc. (TSX: EMA) approved an increase in the annual common share dividend to $2.55 from $2.45 per common share and reaffirmed its dividend growth rate target of four to five per cent through to 2022.

'Emera's overall business continues to perform well despite the challenges of the global COVID-19 pandemic,' said Scott Balfour, President and CEO of Emera Inc. 'We are pleased to be in a position to increase our dividend at a level consistent with our target growth rate, and to reaffirm our dividend growth rate target of four to five percent through to 2022.'

Forward Looking Information

This news release contains forward-looking information within the meaning of applicable securities laws. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management's current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that Emera's assumptions may not be correct and that actual results may differ materially from such forward-looking information.

Additional detailed information about these assumptions, risks and uncertainties is included in Emera's securities regulatory filings, including under the heading 'Business Risks and Risk Management' in Emera's annual Management's Discussion and Analysis, and under the heading 'Principal Risks and Uncertainties' in the notes to Emera's annual and interim financial statements, which can be found on SEDAR at www.sedar.com.

About Emera

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $32 billion in assets and 2019 revenues of more than $6.1 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera's common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB.

Contact:

Ken McOnie

Tel: 902-428-6945

Email: ken.mconie@emera.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 5 965 M 4 613 M 4 613 M
Net income 2020 810 M 626 M 626 M
Net Debt 2020 16 291 M 12 598 M 12 598 M
P/E ratio 2020 16,6x
Yield 2020 4,62%
Capitalization 13 380 M 10 342 M 10 347 M
EV / Sales 2020 4,97x
EV / Sales 2021 4,80x
Nbr of Employees 7 523
Free-Float 85,8%
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Technical analysis trends EMERA INCORPORATED
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 60,18 CAD
Last Close Price 53,66 CAD
Spread / Highest target 26,7%
Spread / Average Target 12,1%
Spread / Lowest Target -14,3%
EPS Revisions
Managers
NameTitle
Scott Carlyle Balfour President, Chief Executive Officer & Director
Mary Jacqueline Sheppard Chairman
Richard C. Janega Chief Operating Officer-Electric Utilities
Gregory W. Blunden Chief Financial Officer
Andrea Sarah Rosen Independent Director
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