HALIFAX, Nova Scotia--(BUSINESS WIRE)--
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170929005695/en/
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
Source: Emera Inc.