Emera Increases Dividend for 18th Year - A Commitment to Shareholders

Emera Announces Increase in Common Dividend

Emera Inc. (TSX: EMA) has formally declared a 1% increase in its annual common share dividend. This decision reflects the company's ongoing commitment to its shareholders and its strategic focus on sustainable growth. The new dividend of $2.90 per common share replaces the previous rate of $2.87, marking an impressive 18 consecutive years of dividend growth.

Financial Resilience and Commitment

The announcement of the increased dividend is a testament to Emera’s solid financial health and long-term strategy. Scott Balfour, the President and CEO of Emera Inc., emphasized that this growth is indicative of the company’s confidence in achieving a targeted 5-7% annual adjusted earnings per share (EPS) growth through the year 2027. This commitment is not just about numbers; it symbolizes Emera's dedication to providing value for its shareholders while remaining steadfast in a rapidly changing energy market.

Strategic Focus on Shareholder Value

Emera is dedicated to enhancing shareholder value through disciplined financial management. By focusing on strategic initiatives aimed at growing their portfolio and improving service reliability, Emera positions itself as a leader in the energy sector. Their ongoing investments in regulated electric and natural gas utilities underline this commitment, providing reliable energy to millions across North America.

Understanding Emera’s Growth Strategy

The company has a clear growth strategy, which includes diversifying its energy services to adapt to market needs and ensuring sustainable practices that align with global shifts towards cleaner energy. Emera operates with a dedicated workforce of 7,300 employees, all committed to the mission of energizing modern life, while also addressing the urgent call for a cleaner energy future.

Non-GAAP Measures and Financial Reporting

Emera employs various financial measures that do not adhere to standard US GAAP guidelines. These metrics aim to provide a clearer picture of the company’s ongoing operations. By adjusting certain GAAP measures for specific items, Emera provides transparency regarding its financial representation, particularly with metrics like adjusted net income and earnings per share.

A Focus on Stability Amid Change

The energy landscape is continuously evolving, and Emera’s ability to adapt is key to its sustained success. The company’s robust financial frameworks and disciplined approach to investment serve as a fortress against the uncertainties that often cloud the energy market. Emera’s leadership remains committed to navigating these waters, promising stability and growth for years to come.

About Emera

Emera Inc. is a leading energy provider known for its efficiency and commitment to customer service. Headquartered in Halifax, the company serves approximately 2.5 million customers across Canada, the United States, and the Caribbean. Emera’s focus on innovation and sustainability continuously shapes its mission to deliver safe and reliable energy solutions in an ever-changing world.

Frequently Asked Questions

What is Emera Inc.'s recent dividend increase?

Emera announced a 1% increase in its common share dividend, raising it to $2.90.

How long has Emera been increasing its dividend?

The company has achieved 18 consecutive years of dividend growth.

What is the significance of this dividend increase?

This increase reflects Emera’s commitment to delivering value to its shareholders while demonstrating financial resilience.

What is Emera’s growth strategy?

Emera focuses on sustainable financial performance and aims for a targeted 5-7% average annual adjusted EPS growth through 2027.

Where can I find more information about Emera?

More information is available on Emera's official website and various financial resources relevant to its operation.

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