CALGARY, Jan. 15, 2020 /PRNewswire/ - Vermilion
Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a
cash dividend of $0.23 CDN per share
payable on February 18, 2020 to all
shareholders of record on January 31,
2020. The ex-dividend date for this payment is January 30, 2020. This dividend is an eligible
dividend for the purposes of the Income Tax Act (Canada). As previously announced, we are
phasing out the Dividend Reinvestment Plan ("DRIP") over the course
of 2020. We will be prorating the available DRIP shares by 25% each
quarter starting in Q1 2020, until completely eliminated in Q4
2020. For those investors that would like to continue reinvesting
the cash portion of their dividends in Vermilion shares, we
encourage you to contact your brokerage firm about setting up an
automated reinvestment plan to purchase shares on the open
market.
About Vermilion
Vermilion is an international energy producer that seeks to
create value through the acquisition, exploration, development and
optimization of producing properties in North America, Europe and Australia. Our business model emphasizes
organic production growth augmented with value-adding acquisitions,
along with providing reliable dividends to investors. Vermilion is
targeting growth in production primarily through the exploitation
of light oil and liquids-rich natural gas conventional resource
plays in Canada and the United States, the exploration and
development of high impact natural gas opportunities in
the Netherlands and Germany, and through oil drilling and workover
programs in France and
Australia. Vermilion holds a 20%
working interest in the Corrib gas field in Ireland. Vermilion pays a monthly dividend of
Canadian $0.23 per share, which
provides a current yield of approximately 13%.
Vermilion's priorities are health and safety, the environment,
and profitability, in that order. Nothing is more important to us
than the safety of the public and those who work with us, and the
protection of our natural surroundings. We have been recognized as
a top decile performer amongst Canadian publicly listed companies
in governance practices, as a Climate Leadership level (A-)
performer by the CDP, and a Best Workplace in the Great Place to
Work® Institute's annual rankings in Canada, the
Netherlands and Germany. In
addition, Vermilion emphasizes strategic community investment in
each of our operating areas.
Employees and directors hold approximately 5% of our fully
diluted shares, are committed to consistently delivering superior
rewards for all stakeholders, and have delivered over 20 years of
market outperformance. Vermilion trades on the Toronto Stock
Exchange and the New York Stock Exchange under the symbol VET.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/vermilion-energy-inc-announces-0-23-cdn-cash-dividend-for-february-18--2020-payment-date-300987100.html
SOURCE Vermilion Energy Inc.