I am buying a position in my fund portfolio of  ENERPLUS RESOURCES FUND, trades on the TSX (ERF-T) and on the NYSE (ERF-N)  for about $23.00.

The company has just declared its monthly dividend for March 2010 of $0.18 per unit which is payable to share holders as of March 8, 2010 which translates into a dividend yield of 9.1% annually.  Not bad if you consider that the company’s oil and natural gas holdings offer the potential for significant capital gains over the next few years.

The company’s website is: www.enerplusresources.com