CALGARY, Nov. 12, 2015 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX,
NYSE: VET) is pleased to announce a cash dividend of $0.215 CDN per
share payable on December 15, 2015 to all shareholders of record on
November 23, 2015. The ex-dividend date for this payment is November
19, 2015. This dividend is an eligible dividend for the purposes of
the Income Tax Act (Canada).
Vermilion is an oil-leveraged producer that seeks to create value
through the acquisition, exploration, development and optimization of
producing properties in North America, Europe and Australia. Our
business model targets annual organic production growth of 5% or more
along with providing reliable and increasing dividends to investors.
Vermilion is targeting growth in production primarily through the
exploitation of light oil and liquids-rich natural gas conventional
resource plays in Canada and the United States, the exploration and
development of high impact natural gas opportunities in the Netherlands
and Germany, and through drilling and workover programs in France and
Australia. Vermilion also holds an 18.5% working interest in the
Corrib gas field in Ireland. Vermilion pays a monthly dividend of
Canadian $0.215 per share, which provides a current yield of
approximately 5%. Management and directors of Vermilion hold
approximately 6% of the outstanding shares, are committed to
consistently delivering superior rewards for all stakeholders, and have
delivered a 20-year history of market outperformance. Vermilion trades
on the Toronto Stock Exchange and the New York Stock Exchange under the
SOURCE Vermilion Energy Inc.
For further information:
Dean Morrison, CFA
Director, Investor Relations
Suite 3500, 520 - 3rd Avenue S.W.
Calgary, Alberta T2P 0R3
Phone: (403) 269-4884
Fax: (403) 476-8100
IR Toll Free: 1-866-895-8101