Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for September 15, 2016 Payment Date
13 August 2016 - 1:00AM
PR Newswire (Canada)
CALGARY, Aug. 12, 2016 /CNW/ - Vermilion Energy Inc.
("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash
dividend of $0.215 CDN per share
payable on September 15, 2016 to all
shareholders of record on August 22,
2016. The ex-dividend date for this payment is
August 18, 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 of approximately 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 Canada NewsWire
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