Vermilion Energy Inc. (NYSE:VET) to Issue C$0.14 Quarterly Dividend

Vermilion Energy Inc. (NYSE:VETGet Free Report) (TSE:VET) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Tuesday, September 15th will be given a dividend of 0.135 per share by the oil and gas company on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Tuesday, September 15th.

Vermilion Energy has decreased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Vermilion Energy has a payout ratio of -139.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Vermilion Energy Trading Up 4.9%

Shares of NYSE:VET opened at $10.87 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.66 billion, a PE ratio of -2.84 and a beta of 0.31. Vermilion Energy has a 1 year low of $7.00 and a 1 year high of $14.82. The firm has a fifty day moving average price of $10.44 and a 200 day moving average price of $11.11.

Vermilion Energy (NYSE:VETGet Free Report) (TSE:VET) last posted its earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.42. Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%.The company had revenue of $390.53 million for the quarter, compared to analyst estimates of $330.39 million.

About Vermilion Energy

(Get Free Report)

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).

See Also

Dividend History for Vermilion Energy (NYSE:VET)

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