Vermilion Energy Inc. (VET) To Go Ex-Dividend on March 13th

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) announced a quarterly dividend on Wednesday, March 4th. Investors of record on Friday, March 13th will be paid a dividend of 0.135 per share by the oil and gas company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, March 13th. This is a 3.8% increase from Vermilion Energy’s previous quarterly dividend of $0.13.

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 dividend payout ratio of -139.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Vermilion Energy to earn $0.55 per share next year, which means the company should continue to be able to cover its $0.39 annual dividend with an expected future payout ratio of 70.9%.

Vermilion Energy Trading Up 1.2%

NYSE VET traded up $0.14 on Wednesday, reaching $11.64. The stock had a trading volume of 1,529,711 shares, compared to its average volume of 2,029,200. The company has a quick ratio of 0.76, a current ratio of 0.84 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average price of $9.75 and a two-hundred day moving average price of $8.68. Vermilion Energy has a 12-month low of $5.14 and a 12-month high of $12.00. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of -3.80 and a beta of 0.61.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data on Wednesday, March 4th. The oil and gas company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.33. Vermilion Energy had a positive return on equity of 3.80% and a negative net margin of 34.30%.The business had revenue of $334.64 million during the quarter, compared to analysts’ expectations of $384.74 million. As a group, sell-side analysts forecast that Vermilion Energy will post 0.22 EPS for the current fiscal year.

About Vermilion Energy

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).