Business
EMERA APPROVES 15% INCREASE IN COMMON SHARE DIVIDEND AND DECLARES PREFERRED SHARE DIVIDEND
EMERA APPROVES 15% INCREASE IN COMMON SHARE DIVIDEND AND DECLARES PREFERRED SHARE DIVIDEND
About this update from Emera Incorporated
[{"type":"text","content":"\n\n\n\n Sep. 24, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n >\n\n\nHALIFAX, Sept. 24 /CNW/ - On September 24, 2010, the Board of Directors of Emera Inc. approved a quarterly dividend of $0.3250, or $1.30 annually, per common share payable on and after November 15, 2010, to common shareholders of record at the close of business on November 1, 2010. As well, the Board of Directors also approved a quarterly dividend of $0.2750, or $1.10 annually, per Series A First Preferred Share payable on and after November 15, 2010, to Series A First Preferred shareholders of record at the close of business on November 1, 2010.\n"We have committed to grow our common dividend as our earnings increase," said Chris Huskilson, President and Chief Executive Officer of Emera Inc. "This 17 cent annual increase in our common dividend reflects the continuing success of our strategy. We know our dividend is important to our shareholders, and we are pleased to be able to provide for this 15% increase."\nPursuant to the Income Tax Act (Canada) and corresponding provincial legislation, Emera Inc. hereby notifies its common shareholders and its Series A First Preferred shareholders that such dividends declared qualify as eligible dividends.\n\nAbout Emera\n\nEmera Inc. (EMA and EMA.PR.A -TSX) is an energy and services company with $5.7 billion in assets. Electricity is Emera's core business. Approximately 94% of Emera's revenues are earned by Nova Scotia Power Inc (NSPI), Bangor H...