Wednesday, October 26, 2016

Recent Buy - Emera Incorporated (EMA.TO)

On Tuesday, October 25, I Bought 80 shares of  Emera Incorporated at CA$ 47.25 per share plus commission.

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy-related management services. In addition, it transports re-gasified liquefied natural gas to consumers in the northeastern United States through its 145-kilometre pipeline in New Brunswick. The company serves approximately 506,000 customers in Nova Scotia; 158,000 customers in the state of Maine; and 126,000 customers in the island of Barbados. Emera Incorporated was founded in 1919 and is headquartered in Halifax, Canada.

EMA has a 9 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 12.7, 6.9, 7.4 and 6.4. (Canadian Dividend All-Star List) After the last dividend increase declaration, Emera Incorporated now pays dividends of $ 0.5225 per share normally in February, May, August and November. 

Details of my purchase:

Some ratings for EMA: 

    Yahoo:  Mean Recommendation 2.6, 1y Target Est CA$ 40.23

At today's exchange rate, this purchase 80 shares of EMA will increase € 85.23 (CA$ 124.56) of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to € 9,550.00. With purchase price CA$ 47.25 plus commission (CA$ 5.00) my starting yield on cost is 4.42%.

Click here to see my portfolio.

Full Disclosure: Long EMA 

Thanks for stopping by!

1 comment:

  1. I've looked at EMA for years but have never pulled the trigger. It pays out only 65% and is close to Graham's intrinsic value!

    Nice buy Hawk