EMERA INC. $30 - Toronto symbol

EMERA INC. $30 (www.emera.com) earned $0.29 a share before unusual items in the three months ended September 30, 2013, down 17.1% from $0.35 a year earlier. That’s mainly due to higher income taxes and maintenance costs at its main Nova Scotia Power subsidiary. However, overall revenue rose 3.1%, to $491.2 million from $476.4 million, thanks to higher power demand and rates. Emera also raised its quarterly dividend by 3.6%. The new annual rate of $1.45 yields 4.8%. Buy.

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