SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dividend investing for retirement
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bread Upon The Water who wrote (5775)9/30/2010 3:09:08 PM
From: E_K_S  Read Replies (1) of 34328
 
Hi Vinter -

Stock reacting positive to the announcement of Plan to Convert to Corporation. The proposed monthly dividend payout of CDN$0.18 monthly translates into a 8% yield. Note that PWE and PVX energy trusts also plan to convert to a corporate structure.

Re: Enerplus Resources Fund (ERF)
    Penn West Energy Trust Ordinary (NYSE: PWE) 
    Provident Energy Trust Ordinary (NYSE: PVX)

Enerplus Announces Plan to Convert to Corporation
finance.yahoo.com
From the article:"...Enerplus expects the conversion will become effective January 1, 2011...
<snip>
...Enerplus intends that, following the conversion, Enerplus Corporation would continue to pay dividends on a monthly basis. At this time, Enerplus anticipates that it will maintain the monthly dividend payment at the same rate of CDN$0.18 per common share per month..."
___________________________________

The following companies plan to convert from Canadian Energy Trusts to Corporations.

finance.yahoo.com

Investors are/were expecting a significant cut in the dividend payout(s). So far based on the ERF announcement, there are no significant cuts planned.

On 9/10/2010 PWE announced a cut in their monthly distribution from CDB$1.80/year to $CDN1.08 per year. This reflects a 5.20% yield at the current market price.

EKS
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News