Emera Inc. Announces Upcoming Quarterly Dividend Payments

Emera Inc. Announces Upcoming Quarterly Dividend Payments

Emera Inc. has made an announcement, highlighting its dedication to its shareholders through new dividend declarations. The Board of Directors has set forth dividends that are scheduled to benefit both common and First Preferred shareholders. This recent declaration reinforces Emera's strong commitment to delivering value to shareholders and sustaining long-term growth.

Details of the Dividend Declaration

The dividends declared by the Board of Directors at Emera Inc. (TSX: EMA) will be distributed to shareholders of record. These dividends represent a portion of the company's profits being returned to shareholders, exemplifying its ongoing efforts to provide sustainable returns.

Dividend Amounts

For those holding common shares, the dividend has been set at $0.7250, reflecting Emera's stable financial health and purpose. Moreover, the first preferred shares will receive varying dividends based on their series, which include:

• Series A: $0.1364
• Series B: $0.3630
• Series C: $0.40213
• Series E: $0.28125
• Series F: $0.26263
• Series H: $0.39525
• Series J: $0.265625
• Series L: $0.2875

These amounts indicate Emera's strategic approach towards maximizing shareholder returns while maintaining a robust business model.

Significance of Eligible Dividends

The declared dividends qualify as eligible dividends under the Income Tax Act (Canada) and corresponding provincial legislation. This detail is crucial as it ensures that shareholders may benefit from favorable tax treatment. This kind of proactive approach shows Emera's commitment to complying with regulations while offering value to its investors.

About Emera Inc.

Headquartered in Halifax, Emera Inc. is recognized as a prominent energy service provider in North America, focusing on electric and natural gas utilities. The company boasts a diverse portfolio of investments, comprising regulated services and other related assets. The Emera family of companies delivers safe and reliable energy to a broad customer base, approximately 2.5 million across Canada, the United States, and the Caribbean.

With a workforce of around 7,300, Emera is dedicated to its mission of energizing modern life and promoting a cleaner energy future. This dedication underscores Emera’s commitment to not only profitability but also sustainability, positioning the company strategically for continued success in the energy sector.

Conclusion

The announcement of quarterly dividends is a significant step for Emera Inc. and its shareholders. This decision signals to investors that the company is focused on delivering consistent returns and is well-positioned for the future. As Emera continues to expand its initiatives and adapt to the energy landscape, its shareholders can anticipate further positive developments.

Frequently Asked Questions

What are the dividend amounts declared by Emera Inc.?

Emera Inc. declared various dividends including $0.7250 for common shares and amounts ranging from $0.1364 to $0.39525 for its First Preferred Shares.

What qualifies the dividends declared by Emera?

The dividends declared qualify as eligible dividends under the Income Tax Act (Canada), providing tax advantages for shareholders.

How many employees does Emera Inc. have?

Emera Inc. has around 7,300 employees committed to delivering reliable energy services.

Where is Emera Inc. headquartered?

Emera Inc. is headquartered in Halifax, Nova Scotia, Canada.

What is the scope of Emera's energy services?

Emera Inc. offers energy services across North America and the Caribbean, serving approximately 2.5 million customers across various utility sectors.

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