On October 16, 2013 the Board of Directors of Emera Inc. (TSX: EMA
EMA.PR.A EMA.PR.C and EMA.PR.E) approved an increase in the annual
common share dividend rate to $1.45 from $1.40 per common share. The
first quarterly payment of $0.3625 per common share is payable on and
after November 15, 2013 to common shareholders of record at the close of
business on November 1, 2013.
“This dividend increase is well supported by the strength of Emera’s
cash flows, and reflects our confidence in the continuing growth of our
business” said Chris Huskilson, President and Chief Executive Officer of
Emera Inc.
The Board of Directors also approved a quarterly dividend of $0.2750 per
Series A First Preferred Share payable on and after November 15, 2013 to
Series A First Preferred shareholders of record at the close of business
on November 1, 2013; a quarterly dividend of $0.25625 per Series C First
Preferred Share payable on and after November 15, 2013 to Series C First
Preferred shareholders of record at the close of business on November 1,
2013; and a quarterly dividend of $0.28125 per Series E First Preferred
Share payable on and after November 15, 2013 to Series E First Preferred
shareholders of record at the close of business on November 1, 2013.
Pursuant to the Income Tax Act (Canada) and corresponding provincial
legislation, Emera Inc. hereby notifies its common shareholders, its
Series A First Preferred shareholders, its Series C First Preferred
shareholders; and its Series E First Preferred shareholders that such
dividends declared qualify as eligible dividends.
About Emera Inc.
Emera Inc. is an energy and services company with $8.0 billion in assets
and 2012 revenues of $2.1 billion. The company invests in electricity
generation, transmission and distribution, as well as gas transmission
and utility energy services. Emera's strategy is focused on the
transformation of the electricity industry to cleaner generation and the
delivery of that clean energy to market. Emera has interests throughout
northeastern North America and in three Caribbean countries. More than
80% of the company's earnings come from regulated investments. Emera
common and preferred shares are listed on the Toronto Stock Exchange and
trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.C, and
EMA.PR.E. Additional Information can be accessed at emera.com
or at sedar.com.
Copyright Business Wire 2013