CALGARY, Sept. 16, 2019 /PRNewswire/ - Vermilion
Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a
cash dividend of $0.23 CDN per share
payable on October 15, 2019 to all
shareholders of record on September 30,
2019. The ex-dividend date for this payment is September 27, 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 12.5%.
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.