CALGARY, May 16, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") confirms that a dividend of $0.10 per share
designated as an eligible dividend will be paid on June 16, 2014 to
shareholders of record on May 30, 2014. The ex-dividend date is May
28, 2014. As at May 16, 2014 the trailing twelve-month payments to
investors, including the May 15, 2014 payment, total $1.20 per share.
ARC's shareholders may receive dividend payments in the form of cash or
common shares through the company's Stock Dividend Program ("SDP").
Shareholders may reinvest cash dividends into additional common shares
of ARC through the Dividend Reinvestment Plan ("DRIP"). Participation
in the SDP or DRIP is optional. Shareholders will continue to receive
dividend payments in cash unless they choose to participate in the SDP
or DRIP.
The SDP provides the option for shareholders to receive dividends in the
form of common shares of ARC in lieu of receiving a cash dividend on
the dividend payment date. Common shares issued under the SDP are
issued at a five per cent discount to the prevailing market price, as
defined under the company's SDP, with no broker fees or commissions.
ARC's DRIP provides the option for Canadian holders of ARC common shares
to have their cash dividends reinvested into additional common shares
of ARC. Common shares issued under the DRIP are issued at a five per
cent discount to the prevailing market price, as defined under the
company's DRIP, with no broker fees or commissions.
The SDP will generally be available to most shareholders and is expected
to provide many shareholders with Canadian income tax treatment that is
more favourable than ARC's existing DRIP. Shareholders, wherever
resident, are encouraged to consult their own tax advisors regarding
the tax consequences to them of receiving cash or stock dividends.
Additional information on the SDP and DRIP including the Dividend
Reinvestment/Stock Dividend Enrollment Form can be found on the
company's website at www.arcresources.com or by contacting your financial institution or investment advisor. The
availability of the SDP and DRIP and the respective terms and
conditions are subject to the discretion of ARC's management and the
Board of Directors.
ARC is one of Canada's largest conventional oil and gas companies with
an enterprise value of approximately $11 billion. ARC's common shares
trade on the TSX under the symbol ARX.
ADVISORY - In the interests of providing ARC shareholders and potential
investors with information regarding ARC, including management's
assessment of ARC's future plans and operations, certain information
contained in this document are forward-looking statements within the
meaning of the "safe harbour" provisions of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities laws. Readers are cautioned not to place undue reliance on
forward-looking statements, as there can be no assurance that the
plans, intentions or expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties, both general
and specific, that contribute to the possibility that the predictions,
forecasts, projections and other forward-looking statements will not
occur, including those risks and uncertainties contained in ARC
Resources Ltd.'s Annual Information Form filed at www.sedar.com, which may cause ARC's actual performance and financial results in
future periods to differ materially from any estimates or projections
of future performance or results expressed or implied by such
forward-looking statements.
ARC RESOURCES LTD.
Myron M. Stadnyk
President and Chief Executive Officer
SOURCE ARC Resources Ltd.
