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SOURCE Vermilion Energy Inc.
CALGARY, March 15, 2013 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion")
(TSX, NYSE: VET) is pleased to announce a cash dividend of $0.20 CDN
per share payable on April 15, 2013 to all shareholders of record on
March 28, 2013. The ex-dividend date for this payment is March 26,
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, the broader
European region and Australia. Vermilion's business model targets
annual growth of approximately 5% together with providing reliable and
growing dividends. Vermilion is targeting annual 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
currently pays a monthly dividend of Canadian $0.20 per share, which
provides a current yield of approximately 5%. Management and directors
of Vermilion hold approximately 8% of the outstanding shares and are
dedicated to consistently delivering superior rewards for all its
stakeholders. Vermilion has an 18 year history of consistent strong
returns and market outperformance. Vermilion trades on the Toronto
Stock Exchange and the New York Stock Exchange under the symbol VET.
