Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for September 15, 2015 Payment Date
14 August 2015 - 1:00AM
PR Newswire (US)
CALGARY,
Aug. 13, 2015 /PRNewswire/ -
Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to
announce a cash dividend of $0.215
CDN per share payable on September
15, 2015 to all shareholders of record on August 24, 2015. The ex-dividend date for
this payment is August 20,
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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