CALGARY, Feb. 18, 2020 /PRNewswire/ - Vermilion
Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a
cash dividend of $0.23 CDN per share
payable on March 16, 2020 to all
shareholders of record on February 28,
2020. The ex-dividend date for this payment is
February 27, 2020. This
dividend is an eligible dividend for the purposes of the Income Tax
Act (Canada). As previously
announced, we are phasing out the Dividend Reinvestment Plan
("DRIP") over the course of 2020. We will be prorating the
available DRIP shares by 25% each quarter starting in Q1 2020,
until completely eliminated in Q4 2020. The net market
proration factor may differ slightly each month from the stated
factor to ensure the total quarterly proration of 25% remains
in-tact. For those investors that would like to continue
reinvesting the cash portion of their dividends in Vermilion
shares, we encourage you to contact your brokerage firm about
setting up an automated reinvestment plan to purchase shares on the
open market.
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 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 holds a
20% 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 14.5%.
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 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.