Emera Inc. Secures NYSE Listing for Growth Strategy

News Summary

Emera Inc. has received approval to list its common shares on the New York Stock Exchange, under the ticker symbol ‘EMA,’ with trading expected to begin soon. This significant milestone is anticipated to enhance the company’s access to global capital and attract distinguished investors. Alongside its NYSE debut, Emera will continue trading on the Toronto Stock Exchange. A ceremonial event is planned to celebrate this achievement, highlighting the company’s commitment to maximizing shareholder value while preparing for its future growth and development in the energy sector.

Halifax, Nova Scotia – Emera Inc. has secured approval to list its common shares on the New York Stock Exchange (NYSE), with trading expected to begin on or around May 28, 2025. The company’s shares will trade under the ticker symbol “EMA,” marking a significant milestone in Emera’s growth and strategic vision.

This NYSE listing is expected to enhance Emera’s access to a broader pool of global capital and attract world-class investors, underscoring the company’s commitment to maximizing shareholder value. Alongside this NYSE debut, Emera will continue trading on the Toronto Stock Exchange (TSX) under the same ticker symbol, “EMA.”

In addition to the listing, Emera has planned a ceremonial event to celebrate its entrance onto the NYSE by ringing the NYSE Opening Bell later this year. Investors can also engage in company discussions during Emera’s 2025 Annual General Meeting (AGM), scheduled for today at 2:00 p.m. Atlantic time. Shareholders can participate via a live webcast, with access details available on Emera’s official website.

Emera Inc. is a prominent North American energy services provider, headquartered in Halifax, Nova Scotia. The company serves an extensive customer base of approximately 2.6 million clients across Canada, the United States, and the Caribbean. Emera’s workforce comprises around 7,600 employees dedicated to delivering energy services and promoting cleaner energy initiatives.

The approval for the NYSE listing is part of Emera’s forward-looking strategy, which includes expectations regarding the benefits of increased visibility and market presence. This move comes amidst current market dynamics and interest rate trends that could influence investor sentiment and stock performance within the utility sector.

Emera has demonstrated a strong history of financial health, evidenced by its consistent commitment to paying dividends. The company has increased its dividend payouts for 18 consecutive years and currently boasts a dividend yield of 5.6%. This high yield offers a potential buffer against rising bond yields, making the stock an attractive option for income-focused investors.

However, the company has announced plans to moderate the pace of dividend increases, as part of its focus on enhancing its overall financial profile. Presently, Emera’s stock is trading at 16.6 times trailing earnings, which is below valuation levels compared to its peers, such as Hydro One and Fortis. This factor denotes potential for further growth and valuation expansion in the future.

As Emera prepares for its NYSE listing, stakeholders are optimistic about the company’s growth trajectory and commitment to sustainable energy solutions. The strategic listing aims to not only elevate the company’s presence on a global stage but also enhance financial resources necessary for future investments in energy infrastructure and cleaner energy technologies.

For further inquiries, interested parties can contact Emera’s investor relations and media representatives, whose details are available on the company’s website.

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• Business Wire: Emera to Commence Trading on the New York Stock Exchange
• Joplin Globe: Emera to Commence Trading on the NYSE
• The Globe and Mail: The Selloff of Dividend Stocks
• TD Bank Group: New Appointment to Board of Director
• Wikipedia: Emera Inc.