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 taxable accounts;
- 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
Enerplus Corporation
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