Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for July 15, 2014 Payment Date
June 16 2014 - 11:00AM
PR Newswire (Canada)
CALGARY,
June 16, 2014 /CNW/ - Vermilion
Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a
cash dividend of $0.215 CDN per share
payable on July 15, 2014 to all
shareholders of record on June 30,
2014. The ex-dividend date for this payment is June 26, 2014. 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,
Europe and Australia. Our business model targets annual
organic production growth of approximately 5% along with providing
reliable and increasing dividends to investors. Vermilion is
targeting 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 pays a monthly
dividend of Canadian $0.215 per
share, which provides a current yield of approximately 4%.
Management and directors of Vermilion hold approximately 6% of the
outstanding shares and are dedicated to consistently delivering
superior rewards for all stakeholders, featuring an 20-year history
of market outperformance. Vermilion trades on the Toronto Stock
Exchange and the New York Stock Exchange under the symbol VET.
SOURCE Vermilion Energy Inc.
Copyright 2014 Canada NewsWire
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