CALGARY, July 16, 2018 /CNW/ - Vermilion Energy Inc.
("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.23 CDN per share
payable on August 15, 2018 to all shareholders of record on July 31,
2018. The ex-dividend date for this payment is July 30, 2018. This dividend is an
eligible dividend for the purposes of the Income Tax Act (Canada).
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 emphasizes organic production growth augmented with
value-adding acquisitions, 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 currently holds an 18.5% working interest in the Corrib gas field in
Ireland. Vermilion pays a monthly dividend of Canadian $0.23
per share, which provides a current yield of approximately 5.5%.
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 Leadership level (A-) performer by the CDP, and a Best Workplace in the Great Place to Work® Institute's annual rankings
in Canada, the Netherlands and Germany. In addition,
Vermilion emphasizes strategic community investment in each of our operating areas.
Employees and directors hold approximately 5% of our fully diluted 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.
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SOURCE Vermilion Energy Inc.
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