Friday, August 10, 2018

Dividend Increase – Emera Incorporated (EMA.TO)

Yesterday Emera Incorporated announced a quarterly dividend increase of from CA$ 0.565 to CA$ 0.5875 per share and revised its annual dividend growth rate target to a range of four to five per cent through 2021. New quarterly dividend is payable November 15, 2018 to holders of record November 1, 2018. This represents a 3.98% increase to regular quarterly dividends. With current price CA$ 41.62 (yesterday's close), this raise brings their dividend yield to 5.65%.

“Emera has significant regulated rate base investment opportunities, including $1.7 billion USD of investment at Tampa Electric in 600 MW of new solar generation and a modernization of the Big Bend station,” said Scott Balfour. “These projects will drive both significant value for customers and strong investment returns for shareholders. We believe that it is prudent to incorporate a higher component of internally generated funds in the capital plans to fund these accretive investments and as a result have modified our annual dividend growth target. Emera’s average EPS growth is expected to exceed dividend growth over the guidance period.”

Since I own 130 shares of EMA, this will increase my yearly net dividends by CA$ 8.72.

That increase rises my YOC to 4.98% 

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long EMA.TO

Thanks for stopping by!

1 comment:

  1. Looks like you've had a lot of increases over the year. That must feel really nice to have your future income increasing as such. Well done again!