Vermilion Energy Announces Quarterly Dividend

Rhea-AI Summary

Vermilion Energy Inc. (TSX: VET) announced a cash dividend of $0.06 CDN per share, payable on April 18, 2022, to shareholders recorded on March 31, 2022. The ex-dividend date is set for March 30, 2022. This dividend qualifies as an eligible dividend under the Income Tax Act in Canada. Vermilion focuses on generating free cash flow and returning capital to investors, emphasizing health, safety, environmental protection, and profitability in its operations across North America, Europe, and Australia.

Positive

• Dividend of $0.06 CDN per share enhances shareholder income.
• Commitment to returning capital to investors highlights confidence in financial stability.

Negative

• None.

CALGARY, AB, March 7, 2022 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to announce a cash dividend of $0.06 CDN per share payable on April 18, 2022 to all shareholders of record on March 31, 2022. The ex-dividend date for this payment is March 30, 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 5% 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

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SOURCE Vermilion Energy Inc.

FAQ

What is the dividend payout date for Vermilion Energy Inc. (VET)?

The dividend payout date is April 18, 2022.

What is the ex-dividend date for Vermilion Energy Inc. (VET)?

The ex-dividend date is March 30, 2022.

How much is the dividend announced by Vermilion Energy Inc. (VET)?

The announced dividend is $0.06 CDN per share.

Who qualifies for the dividend from Vermilion Energy Inc. (VET)?

Shareholders of record on March 31, 2022, qualify for the dividend.

Is the dividend from Vermilion Energy Inc. (VET) eligible for tax benefits?

Yes, the dividend is an eligible dividend for the purposes of the Income Tax Act in Canada.