Vermilion Energy Inc. (NYSE:VET) (TSE:VET) announced a monthly dividend on Friday, September 15th, NASDAQ reports. Stockholders of record on Friday, September 29th will be paid a dividend of 0.177 per share by the oil and gas company on Monday, October 16th. This represents a $2.12 annualized dividend and a dividend yield of 5.73%. The ex-dividend date is Thursday, September 28th.
Vermilion Energy has raised its dividend payment by an average of 5.6% 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 358.3% meaning 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 $0.50 per share next year, which means the company may not be able to cover its $2.58 annual dividend with an expected future payout ratio of 516.0%.
Shares of Vermilion Energy (NYSE VET) traded down 0.48% on Friday, reaching $37.06. 111,408 shares of the company were exchanged. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 72.67 and a beta of 0.52. The company’s 50-day moving average price is $32.72 and its 200 day moving average price is $33.88. Vermilion Energy has a 12 month low of $29.91 and a 12 month high of $44.95.
Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.37. Vermilion Energy had a net margin of 7.17% and a return on equity of 4.52%. The business had revenue of $201.70 million during the quarter. On average, equities research analysts expect that Vermilion Energy will post $0.69 EPS for the current year.
Several research firms have issued reports on VET. Zacks Investment Research upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating and set a $39.00 price target for the company in a report on Wednesday, September 13th. BidaskClub upgraded shares of Vermilion Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Royal Bank Of Canada upgraded shares of Vermilion Energy from a “sector perform” rating to an “outperform” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $54.50.
ILLEGAL ACTIVITY WARNING: “Vermilion Energy Inc. (VET) to Issue Monthly Dividend of $0.18 on October 16th” was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2017/09/23/vermilion-energy-inc-vet-to-issue-monthly-dividend-of-0-18-on-october-16th.html.
Vermilion Energy Company Profile
Receive News & Ratings for Vermilion Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vermilion Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.