October 31, 2008 / 11:50 AM / in 9 years

Enerplus cuts dividend on dropping energy price

TORONTO, Oct 31 (Reuters) - Enerplus Resources Fund ERF_u.TO said late Thursday that it lowered its monthly cash distribution payable on November 20 to C$0.38 per unit from C$0.47 per unit due to a decline in energy prices.

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