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Enerplus Announces Cash Dividend for January 2013


CALGARY, Dec. 21, 2012 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces that a cash dividend in the amount of CDN$0.09 per share will be payable on January 21, 2013 to all shareholders of record at the close of business on January 4, 2013. The ex-dividend date for this payment is January 2, 2013.

The CDN$0.09 per share dividend is equivalent to approximately US$0.09 per share if converted using the current Canadian/US dollar exchange rate of 1.0118. The U.S. dollar equivalent dividend will be based upon the actual Canadian/US exchange rate applied on the payment date and will be net of any Canadian withholding taxes that may be applicable.

The dividend paid by Enerplus is considered an "eligible dividend" for Canadian tax purposes. For U.S. income tax purposes, Enerplus' dividends are considered "qualified dividends".

Shareholders are reminded that the Stock Dividend Program ("SDP") is available to all shareholders.  The benefits of the SDP include:


    --  Shareholders can elect to receive dividends paid in Enerplus
        shares at a 5% discount to an average market price;
    --  The SDP has certain attributes that make it more attractive
        than a traditional DRIP to most shareholders who hold their
        Enerplus shares in taxable accounts;
    --  No commissions or fees; and
    --  Optional participation in the SDP, allowing our shareholders to
        continue to receive cash dividends unless they elect to receive
        stock dividends.

Shareholders are encouraged to visit our website at www.enerplus.com for 
further details.

Gordon J. Kerr
President & Chief Executive Officer
Enerplus Corporation

Except for the historical and present factual information contained herein, 
the matters set forth in this news release, including words such as "expects", 
"projects", "plans" and similar expressions, are forward-looking information 
that represents management of Enerplus' internal projections, expectations or 
beliefs concerning, among other things, future operating results and various 
components thereof or the economic performance of Enerplus. The projections, 
estimates and beliefs contained in such forward-looking statements necessarily 
involve known and unknown risks and uncertainties, which may cause Enerplus' 
actual performance and financial results in future periods to differ 
materially from any projections of future performance or results expressed or 
implied by such forward-looking statements. These risks and uncertainties 
include, among other things, those described in Enerplus' filings with the 
Canadian and U.S. securities authorities.  Accordingly, holders of Enerplus 
shares and potential investors are cautioned that events or circumstances 
could cause results to differ materially from those predicted.

For further information, please call 1-800-319-6462 or 
e-mail investorrelations@enerplus.com.

SOURCE: Enerplus Corporation

To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/December2012/21/c2906.html

CO: Enerplus Corporation
ST: Alberta
NI: OIL DIV 

-0- Dec/21/2012 11:00 GMT

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