Is Emera a Good Dividend Stock to Own?
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Emera Inc. (TSX:EMA)(NYSE:EMA) has announced a 1% increase in its quarterly dividend to $0.7325 per share, marking its 19th consecutive annual increase. The new annual payout of $2.93 offers a 4.3% yield, significantly above the S&P 500 average of 1.2%. However, with a payout ratio near 100% and trailing EPS of $2.95, future increases may be limited. Emera's shares have risen 26% year-to-date, but its five-year return is only 22%. While it offers a high yield, substantial future dividend growth is unlikely.
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