Emera approves quarterly dividend
09 Juillet 2010 - 5:04PM
PR Newswire (Canada)
HALIFAX, July 9 /CNW/ -- TSX: EMA EMA.PR.A HALIFAX, July 9 /CNW/ -
On July 9, 2010 the Board of Directors of Emera Inc. approved a
quarterly dividend of $0.2825 per common share payable on and after
August 16, 2010 to common shareholders of record at the close of
business on July 30, 2010; and an initial dividend of $0.2230 per
Series A First Preferred Share payable on and after August 16, 2010
to Series A First Preferred shareholders of record at the close of
business on July 30, 2010. Pursuant to the Income Tax Act (Canada)
and corresponding provincial legislation, Emera Inc. hereby
notifies its common shareholders and its Series A First Preferred
shareholders that such dividends declared qualify as eligible
dividends. About Emera Emera Inc. (EMA and EMA.PR.A -TSX) is an
energy and services company with $5.4 billion in assets.
Electricity is Emera's core business. Approximately 94% of Emera's
revenues are earned by Nova Scotia Power Inc (NSPI), Bangor Hydro
Electric Company (BHE) and the Brunswick Pipeline. NSPI and BHE are
wholly-owned regulated electric utilities which together serve
603,000 customers. The Brunswick Pipeline is a 145 km gas pipeline
in New Brunswick. Emera also owns 38% of Barbados Light and Power
which serves 120,000 customers on the Caribbean island of Barbados,
19% of St. Lucia Electricity Services Limited, which serves more
than 50,000 customers on the Caribbean island of St. Lucia and 25%
of Grand Bahama Power Company which serves 19,000 customers on the
Caribbean island of Grand Bahama. In addition to its electric
utility investments, Emera owns Bayside Power, a 260 MW gas-fired
power plant in Saint John, New Brunswick; Emera Energy Services, a
physical natural gas and power marketing and asset management
business; a joint venture interest in Bear Swamp, a 600 megawatt
pumped storage hydro-electric facility in northern Massachusetts; a
12.9% interest in the Maritimes & Northeast Pipeline; and an
8.2% interest in Open Hydro. Visit Emera on the web at
www.emera.com. Nancy Tower, FCA, Chief Financial Officer, (902)
428-6991; Jennifer Nicholson, CA, Senior Director Stakeholder
Relations, (902) 428-6347
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