Emera Inc. (TSX: EMA) has announced that its Board of Directors has approved a 1% increase in the annual dividend for common shares, raising it from $2.87 to $2.90 per share. This marks the 18th consecutive year of dividend growth, reinforcing Emera’s commitment to delivering consistent value to its shareholders.
“This dividend increase reflects our dedication to shareholders and Emera’s financial resilience,” said Scott Balfour, President and CEO of Emera Inc. “Our confidence in achieving an average annual adjusted EPS growth of 5-7% through 2027 fuels this continued dividend growth. It highlights our strategic focus on long-term stability and sustainable financial performance.”
Emera remains committed to enhancing shareholder value through disciplined financial management and a strong growth strategy.
Non-GAAP Financial Measures and Ratios
Emera uses non-GAAP financial measures that may not have standardized meanings under USGAAP. These measures are adjusted to better reflect ongoing business operations. For more details on non-GAAP financial measures, such as adjusted net income and adjusted EPS, refer to the “Non-GAAP Financial Measures and Ratios” section in Emera’s Q2 2024 MD&A, available on SEDAR+ at www.sedarplus.ca.
Forward-Looking Information
This release contains forward-looking statements regarding Emera’s future dividend growth, adjusted EPS growth, and financial performance. These statements are based on current information and assumptions, and are subject to risks and uncertainties. Actual results may differ materially. For more details on the risks and assumptions, see Emera’s filings on SEDAR+ under “Business Risks and Risk Management” and “Principal Risks and Uncertainties.”
About Emera
Emera Inc., headquartered in Halifax, Nova Scotia, is a leading provider of energy services in North America with investments in regulated electric and natural gas utilities. Serving approximately 2.5 million customers across Canada, the United States, and the Caribbean, Emera is focused on delivering reliable, safe energy and a cleaner future. The company’s shares are listed on the Toronto Stock Exchange. More information can be found at www.emera.com or www.sedarplus.ca.
