HALIFAX, Nova Scotia--(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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150811005676/en/
Emera Inc.
Scott LaFleur, 902-428-6375
Acting Manager,
Investor Relations
Source: Emera Inc.