Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for November 16, 2015 Payment Date
October 09 2015 - 10:00AM
PR Newswire (US)
CALGARY, Oct. 9, 2015 /PRNewswire/ - Vermilion Energy Inc.
("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash
dividend of $0.215 CDN per share
payable on November 16, 2015 to all
shareholders of record on October 22,
2015. The ex-dividend date for this payment is October 20, 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 PR Newswire
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