The stock dividend program (“SDP”) was suspended in 2014. Until further notice, all dividends payable by Enerplus will be paid in cash.
“The sustainability of our business has improved dramatically over the past two years”, says Ian Dundas, President & Chief Executive Officer of Enerplus. “Suspending the SDP will eliminate the dilution associated with the issuance of shares through the SDP and is supported by our financial strength. It is also consistent with our strategy of focusing on per share returns."
View the full news release here.