Vermilion Energy Inc. (NYSE:VET) to Issue Dividend Increase – $0.09 Per Share

Vermilion Energy Inc. (NYSE:VETGet Free Report) (TSE:VET) declared a quarterly dividend on Friday, March 8th, Wall Street Journal reports. Shareholders of record on Thursday, March 28th will be paid a dividend of 0.0888 per share by the oil and gas company on Monday, April 15th. This represents a $0.36 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.07.

Vermilion Energy has decreased its dividend by an average of 11.3% annually over the last three years.

Vermilion Energy Price Performance

Shares of Vermilion Energy stock opened at $11.67 on Monday. Vermilion Energy has a 12-month low of $9.81 and a 12-month high of $15.98. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average of $10.99 and a two-hundred day moving average of $12.53.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its position in Vermilion Energy by 0.5% during the second quarter. CIBC Asset Management Inc now owns 154,180 shares of the oil and gas company’s stock worth $1,924,000 after acquiring an additional 771 shares during the last quarter. Geode Capital Management LLC boosted its position in Vermilion Energy by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 77,592 shares of the oil and gas company’s stock worth $1,493,000 after acquiring an additional 888 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Vermilion Energy by 11.0% during the second quarter. Great West Life Assurance Co. Can now owns 10,903 shares of the oil and gas company’s stock worth $137,000 after acquiring an additional 1,083 shares during the last quarter. Covestor Ltd acquired a new stake in Vermilion Energy during the first quarter worth approximately $25,000. Finally, Citigroup Inc. boosted its position in Vermilion Energy by 40.3% during the third quarter. Citigroup Inc. now owns 6,732 shares of the oil and gas company’s stock worth $99,000 after acquiring an additional 1,932 shares during the last quarter. 31.91% of the stock is owned by hedge funds and other institutional investors.

About Vermilion Energy

(Get Free Report)

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.

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Dividend History for Vermilion Energy (NYSE:VET)

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