Emera Incorporated
EMAUtilities · Stock · quarterly payer
Forward Yield
3.74%
Annual Dividend
$2.06
Payout Ratio
89%
5-Yr Growth
2.3%
Ex-Date
Jul 31, 2026
Frequency
Quarterly
Summary
As of July 2026, Emera Incorporated (EMA) yields 3.74% ($2.06 per share annually), with a blended fair-value estimate of $28.99 — -47% downside, so it screens as overvalued. Dividend safety grade: C (54/100).
Is EMA a good dividend stock?
MixedEmera Incorporated (EMA) pays a quarterly dividend yielding 3.74% ($2.06/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2015
- Elevated payout ratio (89%)
Key Data
- Dividend Yield
- 3.74%
- Payout Ratio
- 89%
- Annual Dividend
- $2.06
- 5-Yr Avg Growth
- 2.3%
- Ex-Dividend Date
- Jul 31, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.45
- Market Cap
- $16.6B
- P/E Ratio
- 23.9
- 5-Yr Total Return
- 17%
- 52-Week Range
- $45.75 – $55.34
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2015)
Frequently Asked Questions
EMA Price — Last 12 Months
Daily close
Price Return
1 Year
+15%
3 Years
+45%
5 Years
+17%
52-Week Range
$45.75 – $55.34
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is EMA worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Emera Incorporated is $28.99 per share, versus a market price of $55.11. That implies 47% of downside.
Fair Value
$28.99
Current Price
$55.11
Downside
-47%
Margin of Safety
-90%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 7.0% discount rate (CAPM), -2.9% stage-1 growth, 2.5% terminal growth, $2.30 EPS, $2.06 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
EMA Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 1, 2026 | — | $0.5390 | regular |
| Aug 1, 2025 | — | $0.5220 | regular |
| May 1, 2025 | — | $0.5260 | regular |
| Jan 31, 2025 | — | $0.5000 | regular |
| Nov 1, 2024 | — | $0.5200 | regular |
| Oct 3, 2024 | — | $0.5370 | regular |
| Aug 1, 2024 | — | $0.5200 | regular |
| Apr 30, 2024 | — | $0.5250 | regular |
| Jan 31, 2024 | — | $0.5350 | regular |
| Oct 31, 2023 | — | $0.5190 | regular |
| Jul 31, 2023 | — | $0.5210 | regular |
| Apr 28, 2023 | — | $0.5080 | regular |
| Jan 31, 2023 | — | $0.5160 | regular |
| Oct 31, 2022 | — | $0.5070 | regular |
Income Calculator
At $2.06 / yr per share
