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

Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be given 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 dividend yield of 3.61%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Vermilion Energy's previous quarterly dividend of $0.09.

Vermilion Energy has decreased its dividend payment by an average of 11.4% per year over the last three years. Vermilion Energy has a payout ratio of 38.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE VET traded down $0.22 during trading on Friday, hitting $9.85. The company had a trading volume of 1,333,214 shares, compared to its average volume of 1,147,912. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -2.63 and a beta of 2.00. The stock has a fifty day simple moving average of $9.72 and a two-hundred day simple moving average of $10.65. The company has a quick ratio of 1.02, a current ratio of 1.09 and a debt-to-equity ratio of 0.36. Vermilion Energy has a fifty-two week low of $8.70 and a fifty-two week high of $13.49.

Vermilion Energy (NYSE:VET - Get Free Report) 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 the consensus estimate of $0.33 by ($0.09). The firm had revenue of $359.27 million for the quarter, compared to analysts' expectations of $364.54 million. Vermilion Energy had a positive return on equity of 6.24% and a negative net margin of 41.53%. On average, research analysts expect that Vermilion Energy will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets downgraded Vermilion Energy from an "outperform" rating to a "market perform" rating in a research note 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.