CALGARY, Oct. 15, 2013 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX,
NYSE: VET) is pleased to announce a cash dividend of $0.20 CDN per
share payable on November 15, 2013 to all shareholders of record on
October 31, 2013. The ex-dividend date for this payment is October 29,
2013. This dividend is an eligible dividend for the purposes of the
Income Tax Act (Canada).
Vermilion is an oil-leveraged producer that adheres to a value creation
strategy through the execution of full cycle exploration and production
programs focused on the acquisition, exploration, development and
optimization of producing properties in Western Canada, Europe and
Australia. Our business model targets annual organic production growth
of approximately 5% along with providing reliable and growing
dividends. Vermilion is targeting growth in production primarily
through the exploitation of conventional resource plays in Western
Canada, including Cardium light oil and liquids rich natural gas, the
exploration and development of high impact natural gas opportunities in
the Netherlands and through drilling and workover programs in France
and Australia. Vermilion also holds an 18.5% working interest in the
Corrib gas field in Ireland. In addition, Vermilion pays a monthly
dividend of Canadian $0.20 per share, which provides a current yield in
excess of 4%. Management and directors of Vermilion hold approximately
8% of the outstanding shares and are dedicated to consistently
delivering superior rewards for all stakeholders, featuring an 18-year
history of market outperformance. Vermilion trades on the Toronto Stock
Exchange and the New York Stock Exchange under the symbol VET.
SOURCE Vermilion Energy Inc.
Dean Morrison, CFA
Director, Investor Relations
Suite 3500, 520 - 3rd Avenue S.W.
Calgary, Alberta T2P 0R3
Phone: (403) 269-4884
Fax: (403) 476-8100
IR Toll Free: 1-866-895-8101
www.vermilionenergy.com
Copyright CNW Group 2013