Vermilion Energy Inc. (VET) to Issue Quarterly Dividend of C$0.14 on June 30th

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Monday, June 15th will be given a dividend of 0.135 per share by the oil and gas company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, June 15th.

Vermilion Energy has decreased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Vermilion Energy has a dividend 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. Equities analysts expect Vermilion Energy to earn $0.65 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 60.0%.

Vermilion Energy Stock Performance

VET stock opened at $11.15 on Friday. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -2.92 and a beta of 0.29. The firm has a 50-day simple moving average of $12.31 and a two-hundred day simple moving average of $10.79. Vermilion Energy has a one year low of $7.00 and a one year high of $14.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.63.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.89). The firm had revenue of $369.04 million for the quarter, compared to analysts’ expectations of $368.66 million. Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. On average, equities analysts forecast that Vermilion Energy will post 0.54 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).