Vermilion Energy Inc. (NYSE:VET) Announces Quarterly Dividend of C$0.14

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Tuesday, December 15th will be paid a dividend of C$0.14 per share by the oil and gas company on Thursday, December 31st. This represents a $0.54 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, December 15th.

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.

Vermilion Energy Price Performance

Shares of NYSE VET traded down $1.62 during midday trading on Wednesday, reaching $10.76. The company’s stock had a trading volume of 4,775,474 shares, compared to its average volume of 1,776,534. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 1.00. Vermilion Energy has a fifty-two week low of $7.30 and a fifty-two week high of $14.82. The business’s 50 day moving average price is $12.62 and its two-hundred day moving average price is $11.61. The company has a market cap of $1.63 billion, a P/E ratio of -5.09 and a beta of 0.52.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings results on Wednesday, November 4th. The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.43). Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and natural gas producer headquartered in Calgary, Alberta. Founded in 1994, the company explores for, develops, and produces crude oil, condensate, natural gas liquids, and natural gas.

Vermilion operates a geographically diversified portfolio of assets in North America and Europe, with activities in Canada, the United States, France, the Netherlands, Germany, and Croatia. Its production includes conventional and unconventional oil and gas, with operations focused on developing reserves and supplying energy to regional and international markets.

The company’s shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.