Wednesday, September 20th the Board of Directors of Emera Inc. (TSE: EMA) announced a quarterly dividend increase of from C$0.69 to C$0.7175 per share that’s payable November 15, 2023 to holders of record November 1, 2023. This represents a 3.39% increase over the last quarterly dividend.
“Today’s dividend increase is in line with our dividend growth rate target of four to five per cent and reflects our continued confidence in our assets, our strategy and the strength of our business,” said Scott Balfour, President and CEO of Emera Inc. “We remain focused on executing a balanced energy transition that drives value for our customers and generates reliable returns for our shareholders.”
With current price C$50.47 (yesterday's close), this raise brings their dividend yield to 5.69%.