CALGARY, Feb. 17, 2015 /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 March 16, 2015 to
all shareholders of record at the close of business on February 27, 2015. The ex-dividend date for this
payment is February 25, 2015.
The CDN$0.09 per share dividend is
equivalent to approximately US$0.07
per share if converted using the current Canadian/US dollar
exchange rate of 0.8033. 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 continually monitors commodity prices, economic
conditions, capital spending, dividends and debt levels in order to
preserve our balance sheet strength. Depending upon the outlook and
duration of the current commodity price downturn, we are prepared
to make adjustments, as necessary, to the dividend in order to
preserve our financial flexibility.
Ian C. Dundas
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