Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET declared a quarterly dividend on Thursday, March 6th, Wall Street Journal reports. Investors of record on Monday, March 31st will be paid a dividend of 0.0903 per share by the oil and gas company on Tuesday, April 15th. This represents a $0.36 annualized dividend and a yield of 4.93%. The ex-dividend date is Monday, March 31st. This is a 1.4% increase from Vermilion Energy's previous quarterly dividend of $0.09.
Vermilion Energy has a dividend payout ratio of -65.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Vermilion Energy to earn $0.55 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 65.5%.
Vermilion Energy Stock Performance
Shares of VET stock traded down $0.23 during trading on Monday, reaching $7.32. 832,559 shares of the company's stock were exchanged, compared to its average volume of 1,112,880. Vermilion Energy has a twelve month low of $7.09 and a twelve month high of $12.79. The firm's fifty day moving average price is $9.30 and its 200-day moving average price is $9.58. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.14 billion, a PE ratio of -1.96 and a beta of 1.91.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Atb Cap Markets lowered shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 13th. StockNews.com raised shares of Vermilion Energy from a "hold" rating to a "buy" rating in a report on Friday.
Read Our Latest Stock Report on Vermilion Energy
Vermilion Energy Company Profile
(
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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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