Emera Approves Increase in Common Dividend and Declares Quarterly Dividends
On September 29, 2017 the Board of Directors of Emera Inc. (TSX: EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, and EMA.PR.F)
approved an increase in the annual common share dividend rate to $2.26 from $2.09 per common share. The first quarterly payment of
$0.565 per common share is payable on and after November 15, 2017 to common shareholders of record at the close of business on
November 1, 2017.
“Emera has increased our annual dividend consistent with our 8% targeted growth rate. This is supported by the strong earnings
and cash flow growth that has resulted from the acquisition of TECO Energy and upcoming commercial operation of the Maritime Link
project.” said Chris Huskilson, President and CEO of Emera Inc.
The Board of Directors also approved a quarterly dividend of $0.1597 per Series A First Preferred Share payable on and after
November 15, 2017 to Series A First Preferred shareholders of record at the close of business on November 1, 2017; a quarterly
dividend of $0.1635 per Series B First Preferred Share payable on and after November 15, 2017 to Series B First Preferred
shareholders of record at the close of business on November 1, 2017; a quarterly dividend of $0.25625 per Series C First Preferred
Share payable on and after November 15, 2017 to Series C First Preferred shareholders of record at the close of business on
November 1, 2017; a quarterly dividend of $0.28125 per Series E First Preferred Share payable on and after November 15, 2017 to
Series E First Preferred shareholders of record at the close of business on November 1, 2017; and a quarterly dividend of $0.265625
per Series F First Preferred Share payable on and after November 15, 2017 to Series F First Preferred shareholders of record
at the close of business on November 1, 2017.
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 B First Preferred shareholders; its Series C First Preferred
shareholders; its Series E First Preferred shareholders; and its Series F First Preferred shareholders that such dividends declared
qualify as eligible dividends.
About Emera Inc.
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $29
billion in assets and 2016 revenues of more than $4 billion. The company invests in electricity generation, transmission and
distribution, gas transmission and distribution, and utility energy services 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
continues to target having 75-85% of its adjusted earnings come from rate-regulated businesses. 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, and
EMA.PR.F. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol
EMABDR. Additional Information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Greg Blunden
Chief Financial Officer
902-428-6040
or
Ken McOnie
Vice President Investor Relations and Treasurer
902.428-6945
Kenneth.McOnie@emera.com
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