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

Rhea-AI Summary

Vermilion Energy Inc. (TSX: VET) (NYSE: VET) has announced a cash dividend of $0.12 CDN per share, scheduled for payment on October 15, 2024. This dividend will be distributed to all shareholders of record as of September 27, 2024. The company has confirmed that this dividend qualifies as an eligible dividend under the Income Tax Act (Canada), which may have favorable tax implications for shareholders. This announcement demonstrates Vermilion's commitment to providing returns to its investors and may be indicative of the company's financial health and confidence in its future performance.

Positive

• Dividend payment of $0.12 CDN per share announced
• Dividend qualifies as eligible under Canadian tax law, potentially offering tax benefits to shareholders

Negative

• None.

News Market Reaction – VET

-7.08%

1 alert

-7.08% News Effect

On the day this news was published, VET declined 7.08%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CALGARY, AB, July 31, 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 October 15, 2024 to all shareholders of record on September 27, 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vermilion-energy-inc-announces-0-12-cdn-cash-dividend-for-october-15--2024-payment-date-302211575.html

SOURCE Vermilion Energy Inc.

FAQ

What is the amount of Vermilion Energy's (VET) recently announced dividend?

Vermilion Energy (VET) has announced a cash dividend of $0.12 CDN per share.

When is the payment date for Vermilion Energy's (VET) latest dividend?

The payment date for Vermilion Energy's (VET) latest dividend is October 15, 2024.

What is the record date for Vermilion Energy's (VET) October 2024 dividend?

The record date for Vermilion Energy's (VET) October 2024 dividend is September 27, 2024.

Is Vermilion Energy's (VET) dividend considered an eligible dividend for Canadian tax purposes?

Yes, Vermilion Energy (VET) has confirmed that this dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).