Emera Approves a 19% Increase in Common Dividend and Increases Dividend Growth Target
11 August 2015 - 9:44PM
Business Wire
Emera Inc. (TSX:EMA) today announced that its Board of Directors
has approved a 19% increase in its annual common dividend to $1.90
per common share from $1.60. Emera also increased its annual
dividend growth target to 8% per year through 2019 from 6%.
The first quarterly declared dividend of $0.475 per common share
is payable on and after November 16, 2015 to common shareholders of
record at the close of business on November 2, 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 Inc.
Emera Inc. is geographically diverse energy and services company
headquartered in Halifax, Nova Scotia with approximately $10
billion in assets and 2014 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 under the symbols
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150811005676/en/
Emera Inc.Scott LaFleur, 902-428-6375Acting Manager, Investor
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