Emera Reveals Growth Strategy and Dividend Adjustment

Emera (TSE:EMA) has released an update.

Emera Inc. announces a fresh strategic focus aimed at enhancing shareholder value through targeted average EPS growth of 5-7% and a revised dividend growth rate of 1-2% annually until 2027. This shift is part of a broader plan to invest in growth opportunities within its regulated businesses, particularly in the burgeoning Florida market through Tampa Electric and Peoples Gas, as well as in decarbonization efforts at Nova Scotia Power. The company is poised to leverage its strong balance sheet and disciplined capital investments to address the rising demand for electricity and resilience against climate change.

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