Vermilion Energy Inc. (VET) to Issue Quarterly Dividend of C$0.13 on December 31st

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) declared a quarterly dividend on Wednesday, November 5th. Shareholders of record on Monday, December 15th will be paid a dividend of 0.13 per share by the oil and gas company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Monday, December 15th.

Vermilion Energy has decreased its dividend payment by an average of 0.3%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 -132.1% 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 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 $0.37 annual dividend with an expected future payout ratio of 67.3%.

Vermilion Energy Stock Down 2.2%

VET traded down $0.20 during mid-day trading on Friday, reaching $8.61. 1,297,876 shares of the stock were exchanged, compared to its average volume of 1,384,560. The company has a 50 day moving average price of $8.28 and a two-hundred day moving average price of $7.87. The stock has a market capitalization of $1.32 billion, a PE ratio of -7.82 and a beta of 0.69. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.71 and a current ratio of 0.81. Vermilion Energy has a 1 year low of $5.14 and a 1 year high of $10.49.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.06). Vermilion Energy had a negative return on equity of 1.90% and a negative net margin of 12.08%.The firm had revenue of $337.28 million for the quarter, compared to analysts’ expectations of $373.83 million. As a group, research analysts anticipate that Vermilion Energy will post 0.22 EPS for the current year.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.