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Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for December 15, 2016 Payment Date
Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for December 15, 2016 Payment Dat...
About this update from Vermilion Energy Inc.
[{"type":"text","content":"\n\n\n\nVermilion Energy Inc. Announces $0.215 CDN Cash Dividend for December 15, 2016 Payment Date\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nVermilion Energy Inc. Announces $0.215 CDN Cash Dividend for December 15, 2016 Payment Date\nCanada NewsWire\nCALGARY, Nov. 10, 2016\n\n\n\nCALGARY, Nov. 10, 2016 /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, 2016 to all shareholders of record on November 22, 2016.  The ex-dividend date for this payment is November 18, 2016.  This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). \n\nAs previously announced, we commenced prorating the Premium DividendTM component of our Dividend Reinvestment Plan by 25%, beginning with the dividend paid on October 17, 2016.  Eligible shareholders who have elected to participate in the Premium DividendTM component currently receive a 1.5% premium on 75% of their participating shares, and the regular cash dividend on the remaining 25% of their shares.  Subject to unexpected changes in the commodity price outlook, it is our intent to continue increasing the proration during 2017, at the end of which there would be no further equity issuance under the Premium DividendTM component of our Dividend Reinvestment Plan.\n\nAbout Vermilion\n\nVermilion is an international energy 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, 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 oil drilling and workover programs in France and Australia.  Vermi...