CALGARY, Dec. 12, 2011 /CNW/ – Ensign Energy Services Inc. announces the
declaration of a 10.5% increase in its regular quarterly dividend to
$0.1050 (ten and one-half cents) per Common Share.
The Board of Directors of Ensign has declared the dividend of $0.1050
per Common Share to be payable on January 5, 2012 to all Common
Shareholders of record as of December 22, 2011. The dividend payment is
pursuant to the quarterly dividend policy adopted by the Company.
The total dividends declared by Ensign for its 2011 fiscal year amount
to $0.39 per Common Share, a 9.1% increase over the total dividends of
$0.3575 per Common Share declared for the 2010 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.
Ensign Energy Services Inc.
1000, 400 – 5th Avenue S.W.
Calgary, Alberta
T2P 0L6
Mr. Glenn Dagenais, Executive Vice President Finance
Telephone: (403) 262-1361