Vermilion Energy Inc. (NYSE:VET) Declares Quarterly Dividend of C$0.14

Vermilion Energy Inc. (NYSE:VETGet Free Report) (TSE:VET) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Tuesday, September 15th will be paid 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 of this dividend is Tuesday, September 15th.

Vermilion Energy has decreased its dividend 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 Stock Up 4.9%

NYSE:VET opened at $10.87 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.63 and a quick ratio of 0.58. Vermilion Energy has a 1-year low of $7.00 and a 1-year high of $14.82. The company has a 50-day moving average of $10.44 and a 200 day moving average of $11.11. The firm has a market cap of $1.66 billion, a PE ratio of -2.84 and a beta of 0.31.

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

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).

Further Reading

Dividend History for Vermilion Energy (NYSE:VET)

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