Vermilion Energy Inc. (VET) To Go Ex-Dividend on September 27th

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) announced a quarterly dividend on Wednesday, July 31st, Zacks reports. Shareholders of record on Friday, September 27th will be given a dividend of 0.088 per share by the oil and gas company on Tuesday, October 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09.

Vermilion Energy has decreased its dividend payment by an average of 11.4% annually over the last three years. Vermilion Energy has a dividend payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Vermilion Energy to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 31.3%.

Vermilion Energy Price Performance

Shares of Vermilion Energy stock opened at $9.98 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.09 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $9.98 and its 200 day moving average is $11.14. Vermilion Energy has a one year low of $8.70 and a one year high of $15.56.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.69). The company had revenue of $350.04 million during the quarter, compared to the consensus estimate of $376.54 million. Vermilion Energy had a positive return on equity of 5.99% and a negative net margin of 41.33%. On average, equities research analysts forecast that Vermilion Energy will post 0.35 EPS for the current fiscal 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.