Vermilion Energy Inc. Announces $0.12 CDN Cash Dividend for July 15, 2024 Payment Date

Rhea-AI Summary

Vermilion Energy Inc. has declared a $0.12 CDN cash dividend per share, scheduled for payment on July 15, 2024. The dividend is eligible for the Income Tax Act (Canada) and will be distributed to all shareholders of record on June 28, 2024.

Positive

• Steady dividend payment indicates financial stability and commitment to shareholders.

• Dividend being an eligible dividend for tax purposes is beneficial for Canadian shareholders.

Negative

• None.

News Market Reaction – VET

+4.44%

+4.44% Session move

In the trading session that priced this news, VET gained 4.44%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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CALGARY, AB, May 1, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to announce a cash dividend of $0.12 CDN per share, payable on July 15, 2024 to all shareholders of record on June 28, 2024. 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 amount of the cash dividend announced by Vermilion Energy Inc.?

Vermilion Energy Inc. has announced a $0.12 CDN cash dividend per share.

When is the payment date for the cash dividend?

The cash dividend is scheduled to be paid on July 15, 2024.

Who are eligible to receive the cash dividend from Vermilion Energy Inc.?

All shareholders of record on June 28, 2024, will receive the cash dividend.

Is the cash dividend declared by Vermilion Energy Inc. eligible for tax purposes?

Yes, the cash dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).