Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for January 15, 2016 Payment Date
December 11 2015 - 10:00AM
PR Newswire (US)
CALGARY, Dec. 11, 2015 /PRNewswire/ - Vermilion Energy
Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash
dividend of $0.215 CDN per share
payable on January 15, 2016 to all
shareholders of record on December
22, 2015. The ex-dividend date for this payment is
December 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 PR Newswire
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