Vermilion Energy Inc. (NYSE:VET) Raises Dividend to $0.09 Per Share

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.089 per share by the oil and gas company on Wednesday, January 15th. This represents a $0.36 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09.

Vermilion Energy has decreased its dividend by an average of 11.4% annually over the last three years. Vermilion Energy has a dividend payout ratio of 38.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vermilion Energy to earn $1.25 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 28.0%.

Vermilion Energy Stock Up 1.3 %

Shares of NYSE VET opened at $10.07 on Friday. Vermilion Energy has a one year low of $8.70 and a one year high of $13.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.09 and a quick ratio of 1.02. The firm’s 50 day simple moving average is $9.72 and its two-hundred day simple moving average is $10.65. The stock has a market capitalization of $1.57 billion, a P/E ratio of -2.69 and a beta of 2.00.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). Vermilion Energy had a negative net margin of 41.53% and a positive return on equity of 6.24%. The business had revenue of $359.27 million for the quarter, compared to the consensus estimate of $364.54 million. As a group, analysts expect that Vermilion Energy will post 0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets cut shares of Vermilion Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, October 4th.

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.