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ARC Resources Ltd. Confirms November 15, 2013 Dividend Amount
CALGARY , Oct. 16, 2013 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") confirms that a...
About this update from Arc Resources Ltd.
[{"type":"text","content":"\n\n\nCALGARY, Oct. 16, 2013 /CNW/ - (ARX - TSX) ARC Resources Ltd. (\"ARC\") confirms that a dividend of $0.10 per share\n designated as an eligible dividend will be paid on November 15, 2013 to\n shareholders of record on October 31, 2013. The ex-dividend date is\n October 29, 2013.  As at October 16, 2013 the trailing twelve-month\n payments to investors, including the October 15, 2013 payment, total\n $1.20 per share.\n\n\nARC's shareholders may receive dividend payments in the form of cash or\n common shares through the company's Stock Dividend Program (\"SDP\"). \n Shareholders may reinvest cash dividends into additional common shares\n of ARC through the Dividend Reinvestment Plan (\"DRIP\").  Participation\n in the SDP or DRIP is optional. Shareholders will continue to receive\n dividend payments in cash unless they choose to participate in the SDP\n or DRIP.\n\n\nThe SDP provides the option for shareholders to receive dividends in the\n form of common shares of ARC in lieu of receiving a cash dividend on\n the dividend payment date. Common shares issued under the SDP are\n issued at a five per cent discount to the prevailing market price, as\n defined under the company's SDP, with no broker fees or commissions.\n\n\nARC's DRIP provides the option for Canadian holders of ARC common shares\n to have their cash dividends reinvested into additional common shares\n of ARC. Common shares issued under the DRIP are issued at a five per\n cent discount to the prevailing market price, as defined under the\n company's DRIP, with no broker fees or commissions.\n\n\nThe SDP will generally be available to most shareholders and is expected\n to provide many shareholders with Canadian income tax treatment that is\n more favourable than ARC's existing DRIP.  Shareholders, wherever\n resident, are encouraged to consult their own tax advisors regarding\n the tax consequences to them of receiving cash or stock dividends.\n\n\nAdditional information on the SDP and DRIP including the Dividend\n Reinvestment/Stock Dividend Enrollment Form can be found on the\n company's website at www.arcresources.com or by contacting your financial institution or investment advisor. The\n availability of the SDP and DRIP and the respective terms and\n conditions are subject to the discretion of ARC's management and the...