Emera’s Series E Preferred Shares Cross 6% Yield Mark

In trading on Thursday, shares of Emera Inc’s Series E cumulative redeemable first preferred shares (TSX: EMA-PRE.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.125), with shares changing hands as low as $18.69 on the day. As of last close, EMA.PRE was trading at a 24.04% discount to its liquidation preference amount.

The chart below shows the one year performance of EMA.PRE shares, versus EMA:

Below is a dividend history chart for EMA.PRE, showing historical dividend payments on Emera Inc’s Series E cumulative redeemable first preferred shares:

In Thursday trading, Emera Inc’s Series E cumulative redeemable first preferred shares (TSX: EMA-PRE.TO) is currently down about 1.6% on the day, while the common shares (TSX: EMA.TO) are up about 2%.

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