1. Vermilion Energy announces a $0.13 CDN dividend per share. 2. Dividend payable on April 15, 2025, for shareholders as of March 31, 2025. 3. Company emphasizes cash flow generation and value-adding acquisitions. 4. Vermilion focuses on health, safety, and environmental protection. 5. Trading on NYSE and TSX indicates strong market presence.
The dividend announcement signals financial health and shareholder value, likely boosting market confidence. Historically, strong dividend declarations have led to positive stock price movements for similar companies.
The dividend enhances investor interest and reflects company profitability, thus likely influencing VET's future price movements positively. Investors tend to see dividends as a sign of financial stability and good governance.
The immediate effect due to the dividend payment on stock prices typically seen around payout dates. Previous trends show a stock performance uplift in the lead-up to dividend disbursements.
/PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to announce a cash dividend of $0.13 CDN per common share, payable on April 15, 2025 to all shareholders of record on March 31, 2025. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
Vermilion is a global gas producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in North America, Europe and Australia. The Company's 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 and unconventional 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 than the safety of the public and those who work with Vermilion, and the protection of the natural surroundings. In addition, the Company emphasizes strategic community investment in each of its operating areas.
Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.
SOURCE Vermilion Energy Inc.