Vermilion Energy Inc. (NYSE:VET) Announces Quarterly Dividend of C$0.14

Key Points

• Vermilion declared a quarterly dividend of C$0.135 per share (3.8% increase from prior C$0.13), with record/ex‑dividend date on March 13 and payable March 31, implying a yield of about 4.6%.
• The company currently has a payout ratio of -139.3%, meaning dividends aren’t covered by current earnings and rely on the balance sheet, though analysts forecast $0.55 EPS next year which would cut the implied payout ratio to about 70.9%.
• Vermilion reported a quarterly EPS beat at $0.63 vs. $0.30 expected but missed on revenue ($334.6M vs. $384.7M est.); the stock traded up ~1.3% to $11.66 and the firm has a market cap of $1.78B with a negative P/E.

Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET declared a quarterly dividend on Wednesday, March 4th. Stockholders of record on Friday, March 13th will be paid a dividend of 0.135 per share by the oil and gas company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, March 13th. This is a 3.8% increase from Vermilion Energy's previous quarterly dividend of $0.13.

Vermilion Energy has decreased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years. Vermilion Energy has a payout ratio of -139.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Vermilion Energy to earn $0.55 per share next year, which means the company should continue to be able to cover its $0.39 annual dividend with an expected future payout ratio of 70.9%.

Vermilion Energy Trading Up 1.3%

Shares of NYSE VET traded up $0.16 during mid-day trading on Wednesday, hitting $11.66. The stock had a trading volume of 1,044,047 shares, compared to its average volume of 2,016,533. The business has a 50 day moving average price of $9.75 and a two-hundred day moving average price of $8.68. Vermilion Energy has a 1 year low of $5.14 and a 1 year high of $12.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.76 and a current ratio of 0.84. The firm has a market cap of $1.78 billion, a P/E ratio of -3.81 and a beta of 0.61.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last announced its quarterly earnings results on Wednesday, March 4th. The oil and gas company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.33. The business had revenue of $334.64 million during the quarter, compared to analysts' expectations of $384.74 million. Vermilion Energy had a negative net margin of 34.30% and a positive return on equity of 3.80%. On average, equities analysts anticipate that Vermilion Energy will post 0.22 EPS for the current fiscal year.

About Vermilion Energy

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion's upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion's product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).

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