Vermilion Energy Inc. (VET) to Issue Monthly Dividend of $0.18 on October 16th

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.

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Vermilion Energy Company Profile

Dividend History for Vermilion Energy (NYSE:VET)

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