CALGARY, March 10, 2017 /CNW/ - Vermilion Energy Inc.
("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.215 CDN per share
payable on April 17, 2017 to all shareholders of record on March 22,
2017. The ex-dividend date for this payment is March 20, 2017. This dividend is
an eligible dividend for the purposes of the Income Tax Act (Canada).
We commenced prorating the Premium DividendTM component of our Dividend Reinvestment Plan by 25%, beginning with
the dividend paid on October 17, 2016, and announced a further 25% proration starting with the
dividend paid on January 17, 2017. We have increased the proration factor by a further 25%
beginning with the April 17, 2017 dividend payment. Eligible shareholders who have elected to
participate in the Premium DividendTM component will receive a 1.5% premium on 25% of their participating shares, and
the regular cash dividend on the remaining 75% of their shares. Subject to unexpected changes in the commodity price
outlook, it is our intent to discontinue the Premium DividendTM component beginning with the July 2017 dividend payment, such that there would be no further equity issuance under the Premium
DividendTM component of our Dividend Reinvestment Plan.
About Vermilion
Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and
optimization of producing properties in North America, Europe
and Australia. Our business model targets annual organic production growth, along with
providing reliable and increasing dividends to investors. Vermilion is targeting growth in production primarily through the
exploitation of light oil and liquids-rich natural gas conventional resource plays in Canada and
the United States, the exploration and development of high impact natural gas opportunities in
the Netherlands and Germany, and through oil drilling and
workover programs in France and Australia. Vermilion also
holds an 18.5% working interest in the Corrib gas field in Ireland. Vermilion pays a
monthly dividend of Canadian $0.215 per share, which provides a current yield of approximately
5%.
Vermilion's priorities are health and safety, the environment, and profitability, in that order. Nothing is more
important to us than the safety of the public and those who work with us, and the protection of our natural surroundings.
We have been recognized as a top decile performer amongst Canadian publicly listed companies in governance practices, as a
Climate "A" List performer by the CDP, and a Best Workplace in the Great Place to Work® Institute's annual rankings in
Canada, France, the
Netherlands and Germany. In addition, Vermilion emphasizes strategic community investment in each of our operating
areas.
Management and directors of Vermilion hold approximately 5% of the outstanding shares, are committed to consistently
delivering superior rewards for all stakeholders, and have delivered over 20 years of market outperformance. Vermilion
trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.
™denotes trademark of Canaccord Genuity Capital Corporation.
SOURCE Vermilion Energy Inc.
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