Vermilion Energy Announces 33% Increase to Quarterly Dividend

Rhea-AI Summary

Vermilion Energy Inc. (TSX: VET, NYSE: VET) has declared a 33% increase to its quarterly cash dividend, now at $0.08 CDN per share. This dividend will be paid on October 17, 2022 to shareholders on record as of September 30, 2022, with an ex-dividend date of September 29, 2022. The dividend qualifies as an eligible dividend under Canada’s Income Tax Act. Vermilion focuses on enhancing free cash flow and returning capital to investors.

Positive

• 33% increase in quarterly cash dividend to $0.08 CDN per share.
• Dividend payment date set for October 17, 2022.

Negative

• None.

CALGARY, AB, Aug. 11, 2022 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to announce a 33% increase to our quarterly cash dividend to $0.08 CDN per share, payable on October 17, 2022 to all shareholders of record on September 30, 2022. The ex-dividend date for this payment is September 29, 2022. 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 assets in North America, Europe and Australia. Our business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. Vermilion's operations are focused on the exploitation of light oil and liquids-rich natural gas conventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia.

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 by leading ESG rating agencies for our transparency on and management of key environmental, social and governance issues. In addition, we emphasize strategic community investment in each of our operating areas.

Employees and directors hold approximately 4% of our outstanding shares and are committed to delivering long-term value for all stakeholders. Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.

www.vermilionenergy.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/vermilion-energy-announces-33-increase-to-quarterly-dividend-301604555.html

SOURCE Vermilion Energy Inc.

FAQ

What is the new quarterly dividend amount for VET?

Vermilion Energy has increased its quarterly dividend to $0.08 CDN per share.

When is the dividend payment date for VET?

The dividend payment date is scheduled for October 17, 2022.

What is the record date for the VET dividend?

The record date for the dividend is September 30, 2022.

What is the ex-dividend date for Vermilion Energy?

The ex-dividend date for Vermilion Energy's dividend is September 29, 2022.

Is the dividend from VET eligible for tax benefits?

Yes, the dividend is an eligible dividend under the Income Tax Act of Canada.