Vermilion Energy Inc. Announces $0.20 CDN Cash Dividend for September 16, 2013 Payment Date
August 15 2013 - 11:00AM
PR Newswire (US)
CALGARY, Aug. 15, 2013 /PRNewswire/ - Vermilion Energy
Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash
dividend of $0.20 CDN per share
payable on September 16, 2013 to all
shareholders of record on August 30,
2013. The ex-dividend date for this payment is
August 28, 2013. This dividend
is an eligible dividend for the purposes of the Income Tax Act
(Canada).
Vermilion is an oil-leveraged producer that
adheres to a value creation strategy through the execution of full
cycle exploration and production programs focused on the
acquisition, exploration, development and optimization of producing
properties in Western Canada, the
broader European region and Australia. Vermilion's business model targets
annual growth of approximately 5% together with providing reliable
and growing dividends. Vermilion is targeting annual growth
in production primarily through the exploitation of conventional
resource plays in Western Canada,
including Cardium light oil and liquids rich natural gas, the
exploration and development of high impact natural gas
opportunities in the Netherlands
and through drilling and workover programs in France and Australia. Vermilion also holds an 18.5%
working interest in the Corrib gas field in Ireland. In addition, Vermilion currently pays
a monthly dividend of Canadian $0.20
per share, which provides a current yield of approximately
5%. Management and directors of Vermilion hold approximately
8% of the outstanding shares and are dedicated to consistently
delivering superior rewards for all its stakeholders. Vermilion has
an 18 year history of consistent strong returns and market
outperformance. Vermilion trades on the Toronto Stock Exchange and the New York Stock
Exchange under the symbol VET.
SOURCE Vermilion Energy Inc.
Copyright 2013 PR Newswire
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