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Ensign Energy Services Inc. - Announces First Quarter Dividend and DRIP Participation
Ensign Energy Services Inc. - Announces First Quarter Dividend and DRIP Participation ...
About this update from Ensign Energy Services Inc.
[{"type":"text","content":"\n\n\n\nEnsign Energy Services Inc. - Announces First Quarter Dividend and DRIP Participation\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, March. 3, 2017\n\n\n\nCALGARY, March. 3, 2017 /CNW/ - Ensign Energy Services Inc. (\"Ensign\" or \"the Company\") announces the declaration by its Board of Directors of a regular quarterly dividend of $0.12 (twelve cents) per Common Share. \n\nThe Board of Directors of Ensign declared the dividend of $0.12 (twelve cents) per Common Share to be payable on April 4, 2017 to all Common Shareholders of record as of March 23, 2017. The dividend payment is pursuant to the quarterly dividend policy adopted by the Company. Pursuant to subsection 89(1) of the Canadian Income Tax Act (\"ITA\"), the dividend being paid is designated as an \"eligible dividend\", as defined in subsection 89(1) of the ITA.\n\nThe Company also announces that the dividend reinvestment plan (the \"DRIP Plan\") participation for the fourth quarter of 2016 was 39%. The DRIP Plan remains in effect for the forthcoming regular quarterly dividend. Note that participation in the DRIP Plan is not available to U.S. shareholders.  \n\nThose Shareholders wishing to receive their dividends in the form of common shares must enroll in the DRIP Plan. DRIP Plan shares will be issued directly from the treasury of Ensign at a price equal to 95% of the volume-weighted average price of the common shares traded on Toronto Stock Exchange during the time period prescribed by regulations and DRIP Plan.\n\nTo enroll in the DRIP Plan, beneficial Shareholders will be required to contact their broker who is a central securities depository participant and who holds the Shareholder's shares. Registered Shareholders must contact Computershare Trust Company of Canada (the \"Plan Agent\") National Customer Contact Centre at 1-800-564-6253. Once enrolled, participation in the DRIP Plan will continue automatically unless terminated. Enrollment Forms must be submitted to the Plan Agent at least five (5) business days before the record date.\n\nShareholders sh...