Vermilion Energy Inc. T.VET

New Press Release - Vermilion Energy Inc. Announces $0.10 CDN Cash Dividend for October 16, 2023 Payment Date

CALGARY, AB, Aug. 2, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to announce a cash dividend of $0.10 CDN per share, payable on October 16, 2023 to all shareholders of record on September 29, 2023. This dividend is an eligible dividend for the...read article.

[Pandora]

$0.10 quarterly still equates to $0.033 monthly. A special would be nice, an upgrade would be nice, in the meantime.....! I guess we take what they give.

[RiverCartel]

I am ok with some buybacks first to leverage the dividend later. They shoudl keep servicing their debt a bit more, which makes it a more attractive investment for funds. TTF prices should get a nice bump and with oil on a bullish run will get us closer to target, then increase the divy. 

[Quintessential1]

Well it won't be long before posters will be miffed that they are buying back shares because they cost too much so they should get as many as they can while they are cheap and yeah, they are still cheap. GLTY and all.

[Abedim15]

And...2% tax on buybacks as of January 2024

[prested]

You are right about the whiners being miffed, but Vet clearly believes, as I do you and I, that the present depressed price is too good a buying opportunity to pass up. The tide is turning, albeit painfully slowly, but momentum is dawning and soon all the analysts will be exhorting their punters to buy. A day late a dollar short as usual.

[Quintessential1]

I believe I said posters not whiners lol. We all have different goals with this stock and some would like to see more cash sooner.  That's ok. I would like to see the balance sheet improved with debt brought down where net debt = longterm debt Buybacks make sense while the share price is cheap and as Abedim aptly pointed out a 2% tax comes into effect next year.  I am cautious