CALGARY, Nov. 7, 2012 /CNW/ - Ensign Energy Services Inc. announces the declaration of a 4.8% increase in its regular quarterly dividend to $0.11 (eleven cents) per Common Share.
The Board of Directors of Ensign has declared the dividend of $0.11 per Common Share to be payable on January 4, 2013 to all Common Shareholders of record as of December 21, 2012. The dividend payment is pursuant to the quarterly dividend policy adopted by the Company.
The total dividends declared by Ensign for its 2012 fiscal year amount to $0.425 per Common Share, a 9.0% increase over the total dividends of $0.39 per Common Share declared for the 2011 fiscal year. Ensign has increased the cumulative amount of dividends declared in each fiscal year since the Company began paying a dividend in September, 1995.
Pursuant to subsection 89(1) of the Canadian Income Tax Act ("ITA"), the dividend being paid is designated as an "eligible dividend", as defined in subsection 89(1) of the ITA.
Ensign Energy Services Inc. is an international oilfield services contractor based in Calgary, Alberta. Ensign Common Shares (symbol: ESI) are publicly traded through the facilities of the Toronto Stock Exchange.
SOURCE: Ensign Energy Services Inc.
For further information:
Ensign Energy Services Inc.
1000, 400 - 5th Avenue S.W.
Mr. Glenn Dagenais, Executive Vice President Finance and Chief Financial Officer
Telephone: (403) 262-1361