Enerplus Announces Cash Dividend for February 2016

Enerplus Announces Cash Dividend for February 2016

CALGARY, Jan. 21, 2016 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces that a cash dividend in the amount of CDN$0.03 per share will be payable on February 16, 2016 to all shareholders of record at the close of business on February 1, 2016. The ex-dividend date for this payment is January 28, 2016.

The CDN$0.03 per share dividend is equivalent to approximately US$0.02 per share if converted using the current Canadian/US dollar exchange rate of 0.6854. 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 Announces Conference Call for Year-End 2015 Results
Jan 22, 2016

CALGARY, Jan. 22, 2016 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) will be releasing operating and financial results for the year ended December 31, 2015 prior to market open on Friday, February 19, 2016. A conference call will be hosted by Mr. Ian C. Dundas at 9:00 AM MT (11:00 AM EST) to discuss these results. Details of the conference call are as follows: ...

 

Enerplus Co. (NYSE:ERF) Announces $0.01 Monthly Dividend

Enerplus Co. (NYSE:ERF) (TSE:ERF) declared a monthly dividend on Monday, November 16th, Wall Street Journal reports. Stockholders of record on Wednesday, November 25th will be paid a dividend of 0.0076 per share by the oil and natural gas company on Tuesday, December 15th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Tuesday, November 24th.

Enerplus has decreased its dividend by 25.0% over the last three years and has increased its dividend every year for the last 1 years. Enerplus has a dividend payout ratio of -3.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Enerplus to earn $0.11 per share next year, which means the company should continue to be able to cover its $0.09 annual dividend with an expected future payout ratio of 81.8%.

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