Enerplus Resources Fund (ERF) Plans Monthly Dividend of $0.08
Enerplus Resources Fund (NYSE:ERF) declared a monthly dividend on Friday, February 21st, Stock Ratings Network.com reports. Stockholders of record on Wednesday, March 5th will be given a dividend of 0.0821 per share on Thursday, March 20th. This represents a $0.98 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend is Monday, March 3rd.
On a related note, analysts at BMO Capital Markets upgraded shares of Enerplus Resources Fund from a “market perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $18.10.
Shares of Enerplus Resources Fund (NYSE:ERF) traded down 2.62% during mid-day trading on Friday, hitting $19.31. The stock had a trading volume of 855,961 shares. Enerplus Resources Fund has a one year low of $12.30 and a one year high of $20.02. The stock’s 50-day moving average is $18.43 and its 200-day moving average is $17.59. The company’s market cap is $3.903 billion.
Enerplus Corporation (NYSE:ERF), 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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