Vermilion Energy Inc (VET) Announces $0.23 Monthly Dividend

Vermilion Energy Inc (TSE:VET) (NYSE:VET) announced a monthly dividend on Wednesday, February 27th, TickerTech reports. Shareholders of record on Friday, March 15th will be paid a dividend of 0.23 per share on Friday, March 15th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 8.29%. The ex-dividend date is Wednesday, February 27th.

Shares of TSE:VET traded down C$0.02 on Tuesday, reaching C$33.29. 939,529 shares of the company’s stock were exchanged, compared to its average volume of 825,244. The stock has a market capitalization of $5.03 billion and a price-to-earnings ratio of -102.43. Vermilion Energy has a fifty-two week low of C$26.67 and a fifty-two week high of C$49.67. The company has a debt-to-equity ratio of 73.75, a quick ratio of 0.43 and a current ratio of 0.52.

Get Vermilion Energy alerts:

In other news, Director Catherine L. Williams acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, December 13th. The shares were acquired at an average price of C$30.40 per share, with a total value of C$60,800.00. Also, Senior Officer Mona Jean Jasinski acquired 2,830 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The stock was purchased at an average cost of C$31.13 per share, for a total transaction of C$88,108.65. Following the acquisition, the insider now owns 33,771 shares in the company, valued at C$1,051,419.56.

A number of analysts recently weighed in on the stock. Canaccord Genuity dropped their price objective on shares of Vermilion Energy from C$55.00 to C$43.00 in a report on Thursday, January 10th. National Bank Financial dropped their price objective on shares of Vermilion Energy from C$58.00 to C$41.00 and set an “outperform” rating on the stock in a report on Monday, December 10th. Finally, Raymond James raised shares of Vermilion Energy from an “outperform” rating to a “strong-buy” rating and set a C$51.00 price objective on the stock in a report on Wednesday, November 14th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$53.17.

COPYRIGHT VIOLATION WARNING: “Vermilion Energy Inc (VET) Announces $0.23 Monthly Dividend” was first posted by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.tickerreport.com/banking-finance/4181672/vermilion-energy-inc-vet-announces-0-23-monthly-dividend.html.

Vermilion Energy Company Profile

Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.

Featured Story: Fundamental Analysis – How It Helps Investors