Vermilion Energy Inc. (NYSE:VET) (TSE:VET) declared a monthly dividend on Tuesday, August 15th, NASDAQ reports. Investors of record on Thursday, August 31st will be given a dividend of 0.169 per share by the oil and gas company on Friday, September 15th. This represents a $2.03 annualized dividend and a yield of 6.66%. The ex-dividend date is Tuesday, August 29th.

Vermilion Energy has increased its dividend by an average of 5.6% per year over the last three years and has increased its dividend every year for the last 3 years. Vermilion Energy has a payout ratio of 286.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Vermilion Energy to earn $0.50 per share next year, which means the company may not be able to cover its $2.06 annual dividend with an expected future payout ratio of 412.0%.

Vermilion Energy (VET) traded up 1.198% during trading on Wednesday, reaching $30.825. 15,287 shares of the company traded hands. The company has a market cap of $3.74 billion, a PE ratio of 62.399 and a beta of 0.51. The company’s 50-day moving average is $31.65 and its 200 day moving average is $35.04. Vermilion Energy has a 12 month low of $29.91 and a 12 month high of $44.95.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.37. Vermilion Energy had a net margin of 7.17% and a return on equity of 4.52%. The firm had revenue of $201.70 million during the quarter. On average, analysts anticipate that Vermilion Energy will post $0.71 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Vermilion Energy from a “buy” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub downgraded Vermilion Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. Finally, Royal Bank Of Canada raised Vermilion Energy from a “sector perform” rating to an “outperform” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Vermilion Energy has a consensus rating of “Hold” and a consensus target price of $53.25.

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Vermilion Energy Company Profile

Dividend History for Vermilion Energy (NYSE:VET)

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