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Enerplus Co. (NYSE:ERF) (TSE:ERF) declared a monthly dividend on Wednesday, February 17th, Wall Street Journal reports. Investors of record on Friday, February 26th will be paid a dividend of 0.0079 per share by the oil and natural gas company on Monday, March 15th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, February 25th. This is a boost from Enerplus’s previous monthly dividend of $0.00784167. Enerplus has decreased its dividend payment by 4.0% over the last three years and has raised its dividend annually for the last 1 consecutive years. Enerplus has a dividend payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Enerplus to earn $0.43 per share next year, which means the company should continue to be able to cover its $0.09 annual dividend with an expected future payout ratio of 20.9%. Shares of NYSE:ERF opened at $4.91 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.53. Enerplus has a 12 month low of $1.15 and a 12 month high of $5.03. The company has a […]
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