Enerplus raises dividend 30% to 4.3 U.S. cents a share Enerplus raises dividend 30% to 4.3 U.S. cents a share
2022-05-05 17:29 ET - News Release
An anonymous director reports
ENERPLUS ANNOUNCES A 30% DIVIDEND INCREASE EFFECTIVE WITH THE JUNE 2022 DIVIDEND PAYMENT
Enerplus Corp. has received board approval to increase the amount of its dividend by 30 per cent. The June, 2022, quarterly cash dividend will be in the amount of 4.3 U.S. cents per share and payable on June 15, 2022, to all shareholders of record at the close of business on May 27, 2022. The ex dividend date for this payment is May 26, 2022.
The 4.3-U.S.-cent-per-share dividend is equivalent to approximately 5.5 Canadian cents per share if converted using the current U.S.-Canadian dollar exchange rate of 1.28. The CAD equivalent dividend will be based upon the actual U.S.-Canadian exchange rate applied on the payment date. Payments to shareholders who are not residents of Canada 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's dividends are considered "qualified dividends."
For further information, including financial and operating results and our most recent corporate presentation, please visit the company's website or phone 1-800-319-6462. Shareholders may, upon request, obtain a hard copy of Enerplus's complete audited financial statements free of charge.
About Enerplus Corp.
Enerplus is an independent North American oil and gas exploration and production company focused on creating long-term value for its shareholders through a disciplined, returns-based capital allocation strategy and a commitment to safe, responsible operations.
© 2022 Canjex Publishing Ltd. All rights reserved.