Vermilion Energy Inc. Announces $0.20 CDN Cash Dividend for November 15, 2013 Payment Date
16 October 2013 - 2:00AM
PR Newswire (US)
CALGARY, Oct. 15, 2013 /PRNewswire/ - Vermilion Energy
Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash
dividend of $0.20 CDN per share
payable on November 15, 2013 to all
shareholders of record on October 31,
2013. The ex-dividend date for this payment is October 29, 2013. This dividend is an eligible
dividend for the purposes of the Income Tax Act (Canada).
Vermilion is an oil-leveraged producer that
adheres to a value creation strategy through the execution of full
cycle exploration and production programs focused on the
acquisition, exploration, development and optimization of producing
properties in Western Canada,
Europe and Australia. Our business model targets annual
organic production growth of approximately 5% along with providing
reliable and growing dividends. Vermilion is targeting growth
in production primarily through the exploitation of conventional
resource plays in Western Canada,
including Cardium light oil and liquids rich natural gas, the
exploration and development of high impact natural gas
opportunities in the Netherlands
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. In addition, Vermilion pays a monthly
dividend of Canadian $0.20 per share,
which provides a current yield in excess of 4%. Management
and directors of Vermilion hold approximately 8% of the outstanding
shares and are dedicated to consistently delivering superior
rewards for all stakeholders, featuring an 18-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 2013 PR Newswire
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