CALGARY, AB, May 6, 2021 /CNW/ - Enerplus Corporation
("Enerplus") (TSX: ERF) (NYSE: ERF) today announced that it has
received Board approval to increase the amount of its dividend, as
well as change the frequency of its dividend payment from monthly
to quarterly, effective with its June
2021 dividend. The June 2021
quarterly cash dividend will be in the amount of CDN$0.033 per share and payable on June 15, 2021 to all shareholders of record at
the close of business on May 28,
2021. The ex-dividend date for this payment is May 27, 2021.
The CDN$0.033 per share dividend
is equivalent to approximately US$0.027 per share if converted using a
Canadian/US dollar exchange rate of 0.8149. 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".
For further information, including financial and operating
results and our most recent corporate presentation, please visit
our website at www.enerplus.com or phone 1-800-319-6462.
Shareholders may, upon request, obtain a hard copy of Enerplus'
complete audited financial statements free of charge.
About Enerplus
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.
SOURCE Enerplus Corporation