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Ensign Energy Services Inc. - Increase in Fourth Quarter Dividend


Ensign Energy Services Inc. - Increase in Fourth Quarter Dividend

CALGARY, Nov. 7, 2013 /CNW/ - Ensign Energy Services Inc. announces the declaration of a 6.8% increase in its regular quarterly dividend to $0.1175 (eleven and three quarter cents) per Common Share.

The Board of Directors of Ensign has declared the dividend of $0.1175 per Common Share to be payable on January 6, 2014 to all Common Shareholders of record as of December 20, 2013. The dividend payment is pursuant to the quarterly dividend policy adopted by the Company.

The total dividends declared by Ensign for its 2013 fiscal year amount to $0.4475 per Common Share, a 5.3% increase over the total dividends of $0.425 per Common Share declared for the 2012 fiscal year. Ensign has increased the cumulative amount of dividends declared in each fiscal year since the Company began paying a dividend in September, 1995.

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.

Ensign Energy Services Inc. is an international oilfield services contractor based in Calgary, Alberta. Ensign Common Shares (symbol: ESI) are publicly traded through the facilities of the Toronto Stock Exchange.

SOURCE Ensign Energy Services Inc.

Ensign Energy Services Inc. 1000, 400 - 5th Avenue S.W. Calgary, Alberta T2P 0L6

Mr. Glenn Dagenais, Executive Vice President Finance and Chief Financial Officer Telephone:  (403) 262-1361

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2013/07/c5580.html

CO: Ensign Energy Services Inc. ST: Alberta NI: OIL DIV

-0- Nov/08/2013 01:21 GMT

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