Market dataIncome framework read
Dividend CompanyTSXCanada

EMA.TO

Emera

UtilitiesPlain dividendQuarterly

Market Snapshot

$68.42

+$0.60 (0.88%)

Toronto

Yield

4.28%

Rate $2.93

Next Payment

—

Ex-date 2026-07-31

52wk Position

27.50%

-12.27% below high

Updated —

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Quarterly income profile is visible

EMA.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.

2

DRIP defense

Editorial framework

At Risk DRIP footing

EMA.TO is close to the defended zone at default inputs. Price creep cushion is 7.06%, so small price moves can matter.

3

Main watch item

Provider reported

Price sits close to its 52-week low

EMA.TO is 5.60% above its provider-reported 52-week low. Check whether the lower price reflects structure risk, payout concern, or broad market weakness.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

At Risk
Cash
$73.25
APR
1.071
Coverage
1.071

At Risk. Coverage is above breakeven but inside the defended margin. Monitor price creep or top up shares.

Price Creep

Defended price ceiling

Max defended
$73.25
Cushion
$4.83
Cushion %
7.06%
Current $68.42Break $73.25

Smart Recommendation

EMA.TO is close enough to defend, but small price moves can weaken the rung.

Research Signals

Payout sustainability

Strong

5mo ago

DRIP availability

Available

5mo ago

Tax character

Eligible dividend

5mo ago

Distribution history

Multi-decade

5mo ago

Structure complexity

Moderate

5mo ago

Income trend

Growing

5mo ago

Account suitability

Non-reg: eligible div

5mo ago

Structure Overview

Emera Inc. (EMA) is a Halifax-based regulated utility holding company with operations in Atlantic Canada, Florida, the Caribbean, and New Mexico. EMA has targeted 4–5% annual dividend growth and has increased dividends consistently. Cross-border operations add modest USD/CAD exposure to earnings, though dividends are declared in CAD.

Canadian Planning Notes

  • 1EMA's Atlantic Canada and U.S. utility mix provides regional diversification; the Florida utility (Tampa Electric) is a material earnings contributor.
  • 2Eligible dividends qualify for the tax credit; DRIP is available through major Canadian brokers.
  • 3Emera carries higher debt than some utility peers due to capital-intensive growth projects; monitor the payout ratio and credit metrics alongside dividend growth guidance.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$68.42

Previous close

$67.82

Day range

$67.81 - $68.82

52wk range

$64.79 - $77.99

Market cap

21B

Volume

1.7M

Avg volume

1.1M

Exchange

Toronto

Dividend and distribution

Forward rate

$2.93

Trailing rate

$2.92

Forward yield

4.28%

Trailing yield

4.31%

Per payment

$0.73

Cadence

Quarterly

Next ex-date

Jul 31, 2026

Next pay

Aug 17, 2026

Last dividend

$0.73

Last dividend date

Jul 31, 2026

Performance

Daily change

$0.60

Daily change %

0.88%

52wk position

27.50%

Below 52wk high

-12.27%

Above 52wk low

5.60%

Open

$67.93

Earnings and financials

Trailing EPS

3.16

Forward EPS

3.64

Revenue

8.9B

Revenue growth

1.20%

Profit margin

11.64%

Operating margin

17.85%

Payout ratio

92.48%

Free cash flow

-1.4B

Total cash

396M

ROE

7.56%

ROA

2.91%

Debt/equity

153.87

Beta

0.42

Valuation

Trailing P/E

21.65

Forward P/E

18.8

Price/sales

2.35

Price/book

1.62

Enterprise value

44.2B

EV/EBITDA

12.97

Analyst facts

Target mean

$74.00

Target high

$84.00

Target low

$64.00

Recommendation mean

2.71

Recommendation key

hold

Analysts

13

Canadian Context

Account placement

Non-registered

Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.

TFSA: Tax-free growth and withdrawals.

RRSP: Tax-deferred growth, with withdrawals taxed as regular income.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.