Emera Inc (TSE:EMA) announced a quarterly dividend on Friday, January 29th, MarketBeat Ratings reports. Shareholders of record on Tuesday, February 16th will be paid a dividend of 0.475 per share on Tuesday, February 16th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Friday, January 29th.

Shares of Emera (TSE:EMA) opened at 43.91 on Thursday. The firm has a market capitalization of $6.38 billion and a PE ratio of 17.93. Emera has a 12-month low of $39.12 and a 12-month high of $47.51. The company’s 50-day moving average price is $42.99 and its 200-day moving average price is $43.20.

A number of brokerages have commented on EMA. Gabelli reiterated a “hold” rating on shares of Emera in a research report on Wednesday, October 14th. Scotiabank restated a “sector perform” rating and set a C$46.00 target price on shares of Emera in a research report on Thursday, October 8th. Barclays raised their target price on Emera from C$45.00 to C$46.00 and gave the stock an “equal weight” rating in a research report on Monday, January 4th. RBC Capital restated an “outperform” rating and set a C$56.00 target price on shares of Emera in a research report on Tuesday, November 17th. Finally, CIBC restated a “sector perform” rating and set a C$33.50 target price on shares of Emera in a research report on Thursday, November 26th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$45.69.

Emera Incorporated is an energy and services company that owns and invests in electricity generation, transmission and distribution, gas transmission, utility services, energy marketing and trading services, and other energy-related management services. The Company provides regional energy solutions by connecting its assets, markets and partners, primarily in eastern Canada, the northeastern United States, and the Caribbean. Its segments include Nova Scotia Power Inc.; Emera Maine; Emera Caribbean (TSE:EMA) Incorporated and its subsidiaries, including Barbados Light & Power Company Ltd. and Dominica Electricity Services Ltd., Grand Bahama Power Company Ltd. and Emera Utility Services (Bahamas) Limited; Pipelines, including Emera Brunswick Pipeline Company Limited and Maritimes & Northeast Pipeline, and Emera Energy Inc., including Emera Energy Services, New England Gas Generating Facilities, Bayside Power Limited Partnership and Brooklyn Power Corporation, among others.

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