CALGARY, Aug. 18, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") confirms that a dividend of $0.10 per share
designated as an eligible dividend will be paid on September 15, 2014
to shareholders of record on August 29, 2014. The ex-dividend date is
August 27, 2014. As at August 18, 2014 the trailing twelve-month
payments to investors, including the August 15, 2014 payment, total
$1.20 per share.
ARC offers a Dividend Reinvestment Plan ("DRIP") and Stock Dividend
Program ("SDP") as optional plans for its shareholders. The DRIP
provides the option for Canadian holders of ARC common shares to have
their cash dividends reinvested into additional common shares of ARC.
The SDP provides the option for shareholders to receive dividends in
the form of common shares of ARC in lieu of receiving a cash dividend
on the dividend payment date. Common shares issued under the DRIP and
SDP are issued at a discount to the prevailing market price with no
broker fees or commissions. Participation in the DRIP and/or SDP is
optional; shareholders who do not wish to participate in either plan
will continue to receive cash dividends.
On July 30, 2014, ARC's Board of Directors approved a modification to
the DRIP and SDP whereby the discount applicable to common shares
acquired or issued under both plans was reduced to three per cent from
five per cent. This change will take effect for the September 15, 2014
dividend payment for shareholders on record as of August 29, 2014.
Registered shareholders currently enrolled in the DRIP and/or SDP were
directly notified of this change by way of a shareholder notice mailed
on August 6, 2014. Shareholders currently enrolled in the DRIP and/or
SDP will remain enrolled in the respective program, no further action
is required at this time.
Additional information on the SDP and DRIP including the Dividend
Reinvestment/Stock Dividend Enrollment Form can be found on the
company's website at www.arcresources.com or by contacting your financial institution or investment advisor. The
availability of the SDP and DRIP and the respective terms and
conditions are subject to the discretion of ARC's management and the
Board of Directors.
ARC is one of Canada's largest conventional oil and gas companies with
an enterprise value of approximately $11 billion. ARC's common shares
trade on the TSX under the symbol ARX.
ADVISORY - In the interests of providing ARC shareholders and potential
investors with information regarding ARC, including management's
assessment of ARC's future plans and operations, certain information
contained in this document are forward-looking statements within the
meaning of the "safe harbour" provisions of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities laws. Readers are cautioned not to place undue reliance on
forward-looking statements, as there can be no assurance that the
plans, intentions or expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties, both general
and specific, that contribute to the possibility that the predictions,
forecasts, projections and other forward-looking statements will not
occur, including those risks and uncertainties contained in ARC
Resources Ltd.'s Annual Information Form filed at www.sedar.com, which may cause ARC's actual performance and financial results in
future periods to differ materially from any estimates or projections
of future performance or results expressed or implied by such
ARC RESOURCES LTD.
Myron M. Stadnyk
President and Chief Executive Officer
SOURCE: ARC Resources Ltd.
For further information:
For further information about ARC Resources Ltd., please visit our website
Investor Relations, E-mail: email@example.com
Telephone: (403) 503-8600 Fax: (403) 509-6427
Toll Free 1-888-272-4900
ARC Resources Ltd.
Suite 1200, 308 - 4th Avenue S.W.
Calgary, AB T2P 0H7