Vermilion Energy Inc. Announces $0.20 CDN Cash Dividend for October 15, 2013 Payment Date
September 16 2013 - 11:08AM
PR Newswire (US)
CALGARY,
Sept. 16, 2013 /PRNewswire/ -
Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to
announce a cash dividend of $0.20 CDN
per share payable on October 15, 2013
to all shareholders of record on September
30, 2013. The ex-dividend date for this payment is
September 26, 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
Vermilion Energy (TSX:VET)
Historical Stock Chart
From Jun 2024 to Jul 2024
Vermilion Energy (TSX:VET)
Historical Stock Chart
From Jul 2023 to Jul 2024