CALGARY, Aug. 13, 2015 /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, 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.