CALGARY, June 15, 2018 /CNW/ - Vermilion Energy Inc.
("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash
dividend of $0.23 CDN per share
payable on July 16, 2018 to all
shareholders of record on June 29,
2018. The ex-dividend date for this payment is June 28, 2018. This dividend is an eligible
dividend for the purposes of the Income Tax Act (Canada).
As previously announced, we have also approved an amendment to
our Dividend Reinvestment Plan ("DRIP") to eliminate the discount
to the prevailing Average Market Price of dividends reinvested in
Vermilion shares from the current level of 2%. All other terms and
conditions related to participation in our DRIP remain unchanged.
Please visit our website for the amended plan documents.
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 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 currently holds an
18.5% 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 6.0%.
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 6.5% 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.
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SOURCE Vermilion Energy Inc.