Enerplus Announces Cash Dividend for October 2015
CALGARY, Sept. 18, 2015 /CNW/ – Enerplus Corporation (“Enerplus”) (TSX: ERF) (NYSE: ERF) announces that a cash dividend in the amount of CDN$0.05 per share will be payable on October 15, 2015 to all shareholders of record at the close of business on September 30, 2015. The ex-dividend date for this payment is September 28, 2015.
The CDN$0.05 per share dividend is equivalent to approximately US$0.04 per share if converted using the current Canadian/US dollar exchange rate of 0.7584. 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. Dividends paid by Enerplus are considered an “eligible dividend” for Canadian tax purposes. For U.S. income tax purposes, Enerplus’ dividends are considered “qualified dividends”.
Enerplus is a North American energy producer with a portfolio of high quality oil and gas assets in resource plays that offer significant organic growth potential. We are focused on creating value for our investors through the execution of a disciplined capital investment strategy that supports the successful development of our properties, and a monthly dividend to shareholders. We are a responsible developer of resources that strives to provide investors with a competitive return comprised of both growth and income.