Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for August 15, 2016 Payment Date
July 11 2016 - 10:00AM
PR Newswire (US)
CALGARY,
July 11, 2016
/PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX,
NYSE: VET) is pleased to announce a cash dividend of $0.215 CDN per share payable on August 15, 2016 to all shareholders of record on
July 22, 2016. The ex-dividend date
for this payment is July 20, 2016.
This dividend is an eligible dividend for the purposes of the
Income Tax Act (Canada).
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 targets annual
organic production growth, 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 oil 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 in excess of 6%. 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 over 20 years 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 2016 PR Newswire
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