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68. RETAILTexasmarketingpresentationFINAL.pdf - Enerplus

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Dividend Philosophy<br />

• Imposes capital discipline and appropriate pace of<br />

development<br />

• Demand for yield supported by demographics,<br />

<strong>Enerplus</strong>’ current investor base and low interest<br />

rate environment<br />

• Excess cash flow in future years expected to be<br />

disproportionately allocated to reinvestment in<br />

assets<br />

We will<br />

continue to<br />

share our cash<br />

flow with<br />

investors<br />

• Current ~7% yield<br />

3

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