The ex-dividend date for Enerplus (NYSE:ERF) is tomorrow, October 6, 2011. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $23.37 as of 9:30 a.m., the dividend yield is 9.1%.
NEW YORK ( TheStreet) -- The ex-dividend date for Enerplus (NYSE: ERF) is tomorrow, October 6, 2011. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $23.37 as of 9:30 a.m. ET, the dividend yield is 9.1%. The average volume for Enerplus has been 1.1 million shares per day over the past 30 days. Enerplus has a market cap of $4.1 billion and is part of the basic materials sector and energy industry. Shares are unchanged year to date as of the close of trading on Tuesday. Enerplus Corporation operates as an independent oil and gas producer. The company has a P/E ratio of 7.3, below the average energy industry P/E ratio of 12.7 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Enerplus as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, expanding profit margins, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Enerplus Ratings Report. See our dividend calendar or top-yielding stocks list.