emera
Emera Inc. is a publicly traded Canadian multinational energy holding company based in Halifax, Nova Scotia.
Founded in 1998 during the privatization of Nova Scotia Power, Emera now invests in regulated electricity generation, transmission, and distribution across North America and the Caribbean. The company operates through various subsidiaries, including Florida Electric Utility and Canadian Electric Utilities, and is committed to delivering reliable, affordable, safe, and sustainable energy to approximately 2.5 million customers. Emera is also focused on operational excellence and strategic investments in high-potential markets, aiming to meet the evolving needs of the energy sector.
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AltaGas and Emera continue to invest in new power pipelines and plants. These businesses are rate-regulated, which gives each firm enough cash flow to service—and keep raising its dividend.
ALTAGAS LTD. $56 is a buy. (Toronto symbol ALA; High-Growth Dividend Payer Portfolio; Utilities sector; Shares outstanding: 311.3 million; Market cap: $17.4 billion; Dividend yield: 2.4%; Dividend Sustainability Rating: Above Average; www.altagas.ca) processes, transports, stores and markets natural gas for producers.
ALTAGAS LTD. $56 is a buy. (Toronto symbol ALA; High-Growth Dividend Payer Portfolio; Utilities sector; Shares outstanding: 311.3 million; Market cap: $17.4 billion; Dividend yield: 2.4%; Dividend Sustainability Rating: Above Average; www.altagas.ca) processes, transports, stores and markets natural gas for producers.
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All three of these utility stocks are hitting new highs and for several reasons. Lower interest rates, which has increased investor interest in high-yielding dividend payers, is a leading one.
These three picks also stand to profit from the Canadian government’s plan to modernize the electricity grid to handle rising power demand from datacentres needed to run artificial intelligence.
These three picks also stand to profit from the Canadian government’s plan to modernize the electricity grid to handle rising power demand from datacentres needed to run artificial intelligence.
EMERA INC. $73 is a buy. The company (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 295.9 million; Market cap: $21.6 billion; Price-to-sales ratio: 2.5; Dividend yield: 4.0%; TSINetwork Rating: Average; www.emera.com) owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also holds 100% of Teco Energy, which supplies electricity and natural gas to 1.3 million customers in Tampa Bay, Florida. This business accounts for 70% of its earnings. Emera’s other interests include power plants and natural gas pipelines in Canada, the U.S. and the Caribbean.
These two utilities continue to invest in new projects, and the extra cash flow from those assets will let them keep raising your dividend. Moreover, each gets most of its revenue from regulated projects, which cuts your risk.
Dividends can contribute up to a third of your long-term investment returns. Here are 5 Canadian dividend stocks we recommend holding.
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Emera recently scaled back its annual dividend increases as it allocates more of its cash to new growth projects. While that may hurt its appeal with income-seeking investors, the company’s new assets set it up for many more years of growth.
EMERA INC....
EMERA INC....
EMERA INC. $61 is a buy. The company (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 295.9 million; Market cap: $18.0 billion; Price-to-sales ratio: 2.5; Dividend yield: 4.8%; TSINetwork Rating: Average; www.emera.com) owns Nova Scotia Power, that province’s main electricity supplier, as well as Teco Energy, which supplies electricity and natural gas in Tampa Bay, Florida....