Enerplus Resources Fund Plans Monthly Dividend of $0.09 (ERF)
Enerplus Resources Fund (NYSE:ERF) declared a monthly dividend on Friday, February 22nd. Shareholders of record on Tuesday, March 5th will be given a dividend of $0.09 per share on Wednesday, March 20th. This represents a $1.07 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date of this dividend is Friday, March 1st.
Several analysts have also recently commented on the stock. Analysts at Raymond James downgraded shares of Enerplus Resources Fund from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, December 11th. They now have a $16.00 price target on the stock, down previously from $18.00. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Enerplus Resources Fund in a research note to investors on Monday, December 10th. They now have a $15.00 price target on the stock.
Shares of Enerplus Resources Fund (ERF) traded up 4.18% during mid-day trading on Friday, hitting $12.72. Enerplus Resources Fund (ERF) has a one year low of $11.35 and a one year high of $24.66. The stock’s 50-day moving average is currently $13.. The company’s market cap is $2.520 billion.
Enerplus Corporation (Enerplus), formerly Enerplus Resources Fund, has oil and natural gas property interests are located in western Canada in the provinces of Alberta, British Columbia, Saskatchewan and Manitoba, and in the United States in the states of Montana, North Dakota, Maryland, Pennsylvania, West Virginia, Wyoming and Utah.
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