HALIFAX, Nova Scotia--(BUSINESS WIRE)--
Today, the Board of Directors of Emera Inc.(TSX:EMA) approved an
increase in the annual common share dividend rate to $1.40 from $1.35
per common share. The first quarterly dividend payment, of $0.35 per
common share, is payable on and after November 15, 2012 to common
shareholders of record at the close of business on November 1, 2012.
“We are pleased to increase our dividend, which is supported by Emera’s
growing cash flows from operations,” said Chris Huskilson, President and
Chief Executive Officer of Emera Inc.
The Board of Directors also approved a quarterly dividend of $0.2750, or
$1.10 annually, per Series A First Preferred Share, payable on and after
November 15, 2012, to Series A First Preferred shareholders of record at
the close of business on November 1, 2012; and a first quarterly
dividend of $0.25625 per Series C First Preferred Share payable on and
after November 15, 2012 to Series C First Preferred shareholders of
record at the close of business on November 1, 2012.
Pursuant to the Income Tax Act (Canada) and corresponding provincial
legislation, Emera Inc. hereby notifies its common shareholders, its
Series A First Preferred shareholders, and its Series C First Preferred
shareholders that such dividends declared qualify as eligible dividends.
Forward Looking Information
This news release contains forward looking information. Actual future
results may differ materially. Additional information related to Emera,
including the company’s Annual Information Form, can be found on SEDAR
at www.sedar.comor onEDGAR at www.sec.gov.
About Emera
Emera Inc. is an energy and services company with $7.4 billion in assets
and 2011 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, 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, and EMA.PR.C. Additional
information can be accessed at www.emera.com,
www.sedar.com,
or on www.sec.gov.
Emera Inc.
Jill MacDonald, CA
Manager, Investor Relations
(902)
428-6486
Source: Emera Inc.