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Stocks in play: Emera Inc.
Today announced a strategic update driving long-term value for shareholders and enabling the company to pursue compelling growth opportunities across its portfolio. As a reflection of this growth profile, Emera is introducing new three-year average target EPS growth of 5-7% through 2027 and extending its previously discussed rate-base growth guidance of 7-8% over the next five years through 2029. As part of a broader strategic initiative to reallocate capital towards investing in these high-growth opportunities, beginning today, Emera is adjusting its dividend growth rate to 1 to 2% per year. Emera Inc. shares T.EMA are trading up $0.18 at $45.60.
