Business
Emera confirms dividend "eligible"
Emera confirms dividend "eligible".
About this update from Emera Incorporated
[{"type":"text","content":"\n\n\n\nTSX: EMA\n\n\nHALIFAX, Feb. 15 /CNW/ - On January 5, 2007 the Board of Directors of\nEmera Inc. approved a quarterly dividend of $0.2225 per common share. The\ndividend is payable on and after February 15, 2007 to common shareholders of\nrecord at the close of business on February 1, 2007.\n\n\nPursuant to new dividend rules under proposed subsection 89(14) of the\nIncome Tax Act (Canada), Emera Inc. hereby notifies its common shareholders\nsuch dividend declared qualifies as an eligible dividend.\n\n\nAbout Emera Inc.\n\n\nEmera Inc. (EMA-TSX) is an energy and services company with $4.0 billion\nin assets. Electricity is Emera's core business. The company has two\nwholly-owned regulated electric utility subsidiaries, Nova Scotia Power Inc.\nand Bangor Hydro-Electric Company, which together serve 590,000 customers.\nEmera's other investments include a joint venture interest in Bear Swamp, a\n600 megawatt pumped storage hydro-electric facility in northern Massachusetts;\na 12.9% interest in the Maritimes & Northeast Pipeline; and Emera Energy\nServices which manages energy assets on behalf of third parties and provides\nrelated services. Visit Emera on the web at www.emera.com.\n\n\n","length":1259,"tagName":"div"}]