The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from CNW Group

Enerplus Announces Cash Dividend for September 2013

Monday, August 26, 2013

Enerplus Announces Cash Dividend for September 2013

06:00 EDT Monday, August 26, 2013

CALGARY, Aug. 26, 2013 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces that a cash dividend in the amount of CDN$0.09 per share will be payable on September 20, 2013 to all shareholders of record at the close of business on September 5, 2013. The ex-dividend date for this payment is September 3, 2013.

The CDN$0.09 per share dividend is equivalent to approximately US$0.09 per share if converted using the current Canadian/US dollar exchange rate of 0.9510. The U.S. dollar equivalent dividend will be based upon the actual Canadian/US exchange rate applied on the payment date and will be net of any Canadian withholding taxes that may be applicable.

The dividend paid by Enerplus is considered an "eligible dividend" for Canadian tax purposes. For U.S. income tax purposes, Enerplus' dividends are considered "qualified dividends".

Shareholders are reminded that the Stock Dividend Program ("SDP") is available to all shareholders.  The benefits of the SDP include:

  • Shareholders can elect to receive dividends paid in Enerplus shares at a 5% discount to an average market price;
  • The SDP has certain attributes that make it more attractive than a traditional DRIP to most shareholders who hold their Enerplus shares in taxable accounts;
  • No commissions or fees; and
  • Optional participation in the SDP, allowing our shareholders to continue to receive cash dividends unless they elect to receive stock dividends.

Shareholders are encouraged to visit our website at www.enerplus.com for further details.

Ian C. Dundas
President & Chief Executive Officer
Enerplus Corporation

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans" and similar expressions, are forward-looking information that represents management of Enerplus' internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Enerplus. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Enerplus' actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Enerplus' filings with the Canadian and U.S. securities authorities.  Accordingly, holders of Enerplus shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted.

SOURCE: Enerplus Corporation

For further information:

For further information, please call 1-800-319-6462 or e-mail investorrelations@enerplus.com.

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections