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

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) announced a quarterly dividend on Wednesday, July 29th. Investors 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 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 increased its dividend every year for the last 3 years. Vermilion Energy has a dividend payout ratio of -139.3% meaning 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 Performance

NYSE:VET opened at $10.87 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.63. 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 fifty-two week low of $7.00 and a fifty-two week high of $14.82. The company has a fifty day moving average of $10.44 and a two-hundred day moving average of $11.11.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.42. The firm had revenue of $390.53 million for 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%.

Vermilion Energy Company Profile

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).