Vermilion Energy Inc. (VET) To Go Ex-Dividend on September 15th

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.135 per share by the oil and gas company on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

Vermilion Energy has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 3 years. Vermilion Energy has a payout ratio of -139.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Vermilion Energy Price Performance

VET opened at $13.23 on Friday. The company’s 50-day simple moving average is $11.42 and its two-hundred day simple moving average is $11.69. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a market capitalization of $2.02 billion, a P/E ratio of -6.27 and a beta of 0.33. Vermilion Energy has a 52-week low of $7.10 and a 52-week high of $14.82.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.57. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%. The firm had revenue of $390.53 million during the quarter, compared to analyst estimates of $330.39 million.

About Vermilion Energy

Vermilion Energy Inc is an international oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on acquiring, exploring, developing and producing crude oil, natural gas, condensate and natural gas liquids, with an emphasis on operating assets in stable jurisdictions and generating production from conventional and resource plays.

Vermilion’s operations have included properties in Canada and the United States, as well as European and other international markets such as France, the Netherlands, Germany, Croatia and Ireland.