CALGARY, AB, Nov. 3, 2022 /CNW/ – Enerplus Corporation (“Enerplus”) (TSX: ERF) (NYSE: ERF) today announced that it has received Board approval to increase the amount of its quarterly dividend by 10%. The December 2022 quarterly cash dividend will be in the amount of US$0.055 per share and payable on December 15, 2022 to all shareholders of record at the close of business on November 30, 2022. The ex-dividend date for this payment is November 29, 2022.
The US$0.055 per share dividend is equivalent to approximately CDN$0.075 per share if converted using the current US/Canadian dollar exchange rate of 1.37. The CDN dollar equivalent dividend will be based upon the US/Canadian exchange rate closer to 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’ dividends are considered “qualified dividends”.
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