CALGARY, March 25, 2014 /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 April 21, 2014 to all
shareholders of record at the close of business on April 4, 2014. The
ex-dividend date for this payment is April 2, 2014.
The CDN$0.09 per share dividend is equivalent to approximately US$0.08
per share if converted using the current Canadian/US dollar exchange
rate of 0.8915. 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".
Effective with the April 2014 dividend payment described above, Enerplus
has elected to eliminate the 5% discount applied to determine the
number of shares issued pursuant to the Stock Dividend Program ("SDP").
Until otherwise announced by Enerplus, the number of new shares issued
through the SDP will be based upon the weighted average trading price
of Enerplus' shares on the Toronto Stock Exchange for the five trading
day period immediately prior to the applicable dividend payment date.
Ian C. Dundas
President & Chief Executive Officer
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, including financial and operating results and our most recent corporate presentation, please visit our website at www.enerplus.com, or phone 1-800-319-6462.