Enerplus Corp (ERF) to Issue Monthly Dividend of $0.01 on January 15th
Enerplus Corp (NYSE:ERF) (TSE:ERF) declared a monthly dividend on Monday, December 18th, NASDAQ reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.008 per share by the oil and natural gas company on Monday, January 15th. This represents a $0.10 annualized dividend and a yield of 1.00%. The ex-dividend date is Thursday, December 28th.
Enerplus has decreased its dividend by an average of 48.9% per year over the last three years. Enerplus has a dividend payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Enerplus to earn $0.75 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 16.0%.
Shares of Enerplus (NYSE:ERF) traded up $0.14 during midday trading on Wednesday, reaching $9.60. 423,100 shares of the company’s stock traded hands, compared to its average volume of 1,042,744. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.41. Enerplus has a 1-year low of $6.52 and a 1-year high of $10.20. The company has a market cap of $2,290.54, a price-to-earnings ratio of 2.95 and a beta of 1.33.
Enerplus Corporation is an oil and natural gas company. The Company’s oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE).
Receive News & Ratings for Enerplus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerplus and related companies with MarketBeat.com's FREE daily email newsletter.