Markets

Ex-Div Reminder for Emera Series E Cumulative Redeemable First Preferred Shares

Shutterstock photo
Shutterstock photo

Shutterstock photo

On 10/28/16, Emera Inc.'s Series E cumulative redeemable first preferred shares (TSX: EMA-PRE.TO ) will trade ex-dividend, for its quarterly dividend of $0.2812, payable on 11/15/16. As a percentage of EMA.PRE's recent share price of $22.97, this dividend works out to approximately 1.22%, so look for shares of EMA.PRE to trade 1.22% lower - all else being equal - when EMA.PRE shares open for trading on 10/28/16. On an annualized basis, the current yield is approximately 4.91%.

As of last close, EMA.PRE was trading at a 8.44% discount to its liquidation preference amount. The chart below shows the one year performance of EMA.PRE shares, versus EMA:

Performance Comparison Chart

Below is a dividend history chart for EMA.PRE, showing historical dividends prior to the most recent $0.2812 on Emera Inc.'s Series E cumulative redeemable first preferred shares:

EMA.PRE+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Emera Inc. (TSX: EMA.TO ) makes up 1.66% of the SPDR S&P International Utilities Sector ETF ( IPU ) which is trading relatively unchanged on the day Wednesday.

In Wednesday trading, Emera Inc.'s Series E cumulative redeemable first preferred shares (TSX: EMA-PRE.TO ) is currently up about 0.3% on the day, while the common shares (TSX: EMA.TO ) are down about 0.4%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos