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Vermilion Energy Inc. Announces $0.23 CDN Cash Dividend for July 16, 2018 Payment Date
Vermilion Energy Inc. Announces $0.23 CDN Cash Dividend for July 16, 2018 Payment Date ...
About this update from Vermilion Energy Inc.
[{"type":"text","content":"\n\n\n\nVermilion Energy Inc. Announces $0.23 CDN Cash Dividend for July 16, 2018 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\n\nCanada NewsWire\nCALGARY, June 15, 2018\n\n\n\nCALGARY, June 15, 2018 /CNW/ - Vermilion Energy Inc. (\"Vermilion\") (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.23 CDN per share payable on July 16, 2018 to all shareholders of record on June 29, 2018.  The ex-dividend date for this payment is June 28, 2018. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).\n\nAs previously announced, we have also approved an amendment to our Dividend Reinvestment Plan (\"DRIP\") to eliminate the discount to the prevailing Average Market Price of dividends reinvested in Vermilion shares from the current level of 2%. All other terms and conditions related to participation in our DRIP remain unchanged. Please visit our website for the amended plan documents.\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 emphasizes organic production growth augmented with value-adding acquisitions, 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.  Vermilion currently holds an 18.5% working interest in the Corrib gas field in Ireland.  Vermilion pays a monthly dividend of Canadian $0.23 per share, which provides a current yield of approximately 6.0%.\n\nVermilion's priorities are health and safety, the environment, and profitability, in that order.  Nothing is more important to us than the safety of the public a...