CALGARY, Aug. 15, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX,
NYSE: VET) is pleased to announce a cash dividend of $0.215 CDN per
share payable on September 15, 2014 to all shareholders of record on
August 29, 2014. The ex-dividend date for this payment is August 27,
2014. This dividend is an eligible dividend for the purposes of the
Income Tax Act (Canada).
Vermilion is an oil-leveraged producer that adheres to a value creation
strategy through the execution of full cycle exploration and production
programs focused on the acquisition, exploration, development and
optimization of producing properties in Western Canada, Europe and
Australia. Our business model targets annual organic production growth
of approximately 5% along with providing reliable and increasing
dividends to investors. Vermilion is targeting growth in production
primarily through the exploitation of conventional resource plays in
Western Canada, including Cardium light oil and liquids rich natural
gas, the exploration and development of high impact natural gas
opportunities in the Netherlands 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. In addition, Vermilion
pays a monthly dividend of Canadian $0.215 per share, which provides a
current yield of approximately 4%. Management and directors of
Vermilion hold approximately 6% of the outstanding shares and are
dedicated to consistently delivering superior rewards for all
stakeholders, featuring an 20-year history of market outperformance.
Vermilion trades on the Toronto Stock Exchange and the New York Stock
Exchange under the symbol VET.
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