CALGARY, July 31, 2012 /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 August 20, 2012 to all
shareholders of record at the close of business on August 10, 2012. The
ex-dividend date for this payment is August 8, 2012.
The CDN$0.09 per share dividend is equivalent to approximately US$0.09
per share if converted using a Canadian/US dollar exchange rate of
0.9967. 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 a new 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
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.
Gordon J. Kerr
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:
please call 1-800-319-6462 or e-mail email@example.com.