Vermilion Energy Inc. Announces $0.10 CDN Cash Dividend for April 17, 2023 Payment Date

Rhea-AI Summary

Vermilion Energy Inc. (NYSE: VET) announced a cash dividend of $0.10 CDN per share for shareholders of record on March 31, 2023. This dividend will be paid on April 17, 2023 and qualifies as an eligible dividend under the Income Tax Act in Canada.

Vermilion focuses on creating value through the acquisition and optimization of energy assets in North America, Europe, and Australia. The company prioritizes free cash flow generation and committed capital returns to investors, emphasizing environmental, social, and governance (ESG) responsibilities.

Positive

• Dividend of $0.10 CDN per share enhances shareholder value.
• Demonstrates commitment to returning capital to investors.

Negative

• None.

News Market Reaction – VET

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In the trading session that priced this news, VET declined 0.74%, reflecting a mild negative market reaction.

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CALGARY, AB, March 8, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to announce a cash dividend of $0.10 CDN per share, payable on April 17, 2023 to all shareholders of record on March 31, 2023. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).  

About Vermilion

Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in North America, Europe and Australia. Our 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 to us than the safety of the public and those who work with us, and the protection of our natural surroundings. We have been recognized by leading ESG rating agencies for our transparency on and management of key environmental, social and governance issues. In addition, we emphasize strategic community investment in each of our operating areas.

Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.

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SOURCE Vermilion Energy Inc.

FAQ

What is the dividend amount announced by Vermilion Energy Inc. for April 2023?

Vermilion Energy Inc. announced a cash dividend of $0.10 CDN per share.

When will the dividend be paid to shareholders of Vermilion Energy Inc.?

The dividend will be paid on April 17, 2023.

What is the record date for the dividend by Vermilion Energy Inc.?

The record date for the dividend is March 31, 2023.

Is the dividend from Vermilion Energy Inc. eligible for tax benefits?

Yes, it is an eligible dividend under the Income Tax Act in Canada.