Vermilion Energy Inc. (VET) to Issue Quarterly Dividend of $0.09 on January 15th

Vermilion Energy Inc. (NYSE:VETGet Free Report) (TSE:VET) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.089 per share by the oil and gas company on Wednesday, January 15th. This represents a $0.36 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Tuesday, December 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09.

Vermilion Energy has decreased its dividend by an average of 11.4% annually over the last three years. Vermilion Energy has a dividend payout ratio of 45.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Vermilion Energy to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.33 annual dividend with an expected future payout ratio of 26.2%.

Vermilion Energy Trading Down 0.3 %

VET stock opened at $8.92 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19. Vermilion Energy has a 1-year low of $8.22 and a 1-year high of $12.79. The business has a 50 day simple moving average of $9.68 and a two-hundred day simple moving average of $10.09. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -2.39 and a beta of 1.99.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets lowered Vermilion Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, October 4th.

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About Vermilion Energy

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Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.

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Dividend History for Vermilion Energy (NYSE:VET)

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