Emera Inc. (TSX:EMA) today announced an increase of 3.2% in its annual
common share dividend. The increase today combined with the increase
announced last September is $0.15 per common share; a 10.3% increase
over the $1.45 annualized common share dividend rate established in late
2013.
Emera’s Board of Directors approved an increase in the annual common
share dividend to $1.60 from $1.55 per common share. The first quarterly
declared dividend of $0.40 per common share will be payable on and after
May 15, 2015.
Pursuant to the Income Tax Act (Canada) and corresponding provincial
legislation, Emera Inc. hereby notifies its common shareholders that
such dividends declared qualify as eligible dividends.
About Emera
Emera Inc. is a geographically diverse energy and services company
headquartered in Halifax, Nova Scotia with $9.84 billion in assets and
2013 revenues of $2.97 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 investments
throughout northeastern North America, and in four Caribbean countries.
Emera continues to target having 75-85% of its adjusted earnings come
from rate-regulated businesses.
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, EMA.PR.E, and EMA.PR.F. Additional Information can be accessed
at www.emera.com
or at www.sedar.com.
Copyright Business Wire 2015