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Emera Announces Dividend Rates for Preferred Shares
ByAinvest
Wednesday, Jul 16, 2025 1:19 pm ET1min read
Emera Incorporated has announced dividend rates for its Cumulative Rate Reset First Preferred Shares, Series A and Cumulative Floating Rate First Preferred Shares, Series B. The Series A Shares will receive a quarterly dividend of 4.951% ($0.3094 per share), while the Series B Shares will receive a quarterly floating rate of 4.542% ($0.2862 per share). The dividend rates are applicable for the five-year period from August 15, 2025 to August 14, 2030.
Halifax, Nova Scotia, July 2, 2025—Emera Incorporated (TSX/NYSE: EMA) has announced the dividend rates for its Cumulative Rate Reset First Preferred Shares, Series A, and Cumulative Floating Rate First Preferred Shares, Series B. The dividend rates are applicable for the five-year period from August 15, 2025, to August 14, 2030.The Series A Shares will receive a quarterly dividend of 4.951% per annum, equating to $0.3094 per share, payable quarterly on the 15th of February, May, August, and November of each year. This rate is calculated as the sum of the Government of Canada bond yield as at July 16, 2025, plus 1.84% [1].
The Series B Shares will receive a quarterly floating rate of 4.542%, equating to $0.2862 per share for the three-month period commencing on August 15, 2025, and ending on November 14, 2025. This rate is based on the three-month Government of Canada treasury bill yield rate as at July 16, 2025, plus 1.84%, calculated on the basis of the actual number of days elapsed during the quarter divided by 365 [1].
Holders of Series A Shares have the option to retain their shares and continue receiving a fixed rate quarterly dividend or convert them into Series B Shares for a floating rate quarterly dividend. Similarly, holders of Series B Shares can retain their shares or convert them into Series A Shares [1].
The conversion of Series A Shares and Series B Shares is subject to conditions that ensure at least 1,000,000 shares of each type remain outstanding. Holders who wish to exercise their conversion rights should communicate with their broker or nominee by July 31, 2025, to ensure their instructions are processed in time [1].
This announcement is part of Emera's ongoing efforts to provide attractive dividend options for investors, reflecting its commitment to delivering value to shareholders [2].
References:
[1] https://finance.yahoo.com/news/emera-incorporated-announces-dividend-rates-171500289.html
[2] https://www.emera.com
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