Emera Inc. raised its annual dividend to C$2.45 per share from C$2.35 per share, payable Nov. 15 to shareholders of record Nov. 1.
"Our significant rate base investments are expected to drive long-term cash flow and EPS growth in support of the dividend over the guidance period," Emera President and CEO Scott Balfour said.
The Canadian company also extended its dividend growth rate target of 4% to 5% to 2022, according to a Sept. 27 release.
