CALGARY, Oct. 15, 2019 /CNW/ - Vermilion Energy Inc.
("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash
dividend of $0.23 CDN per share
payable on November 15, 2019 to all
shareholders of record on October 31,
2019. The ex-dividend date for this payment is October 30, 2019. This dividend is an eligible
dividend for the purposes of the Income Tax Act (Canada).
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 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%.
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.