Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for October 15, 2015 Payment Date
September 11 2015 - 10:00AM
PR Newswire (Canada)
CALGARY, Sept. 11, 2015 /CNW/ - Vermilion Energy Inc.
("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash
dividend of $0.215 CDN per share
payable on October 15, 2015 to all
shareholders of record on September 22,
2015. The ex-dividend date for this payment is
September 18, 2015. This
dividend is an eligible dividend for the purposes of the Income Tax
Act (Canada).
Vermilion is an oil-leveraged 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 targets annual
organic production growth of 5% or more along with providing
reliable and increasing 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 drilling and workover
programs in France and
Australia. Vermilion also
holds an 18.5% working interest in the Corrib gas field in
Ireland. Vermilion pays a
monthly dividend of Canadian $0.215
per share, which provides a current yield of approximately
5%. Management and directors of Vermilion hold approximately
6% of the outstanding shares, are committed to consistently
delivering superior rewards for all stakeholders, and have
delivered a 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 2015 Canada NewsWire
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