Vermilion Energy Inc. (NYSE:VET) (TSE:VET) announced a monthly dividend on Tuesday, August 15th, NASDAQ reports. Shareholders of record on Thursday, August 31st will be given a dividend of 0.169 per share by the oil and gas company on Friday, September 15th. This represents a $2.03 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date is Tuesday, August 29th.

Vermilion Energy has raised its dividend payment by an average of 5.6% per year over the last three years and has raised its dividend every year for the last 3 years. Vermilion Energy has a dividend payout ratio of 358.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Vermilion Energy to earn $0.50 per share next year, which means the company may not be able to cover its $2.58 annual dividend with an expected future payout ratio of 516.0%.

Shares of Vermilion Energy (NYSE VET) opened at 31.90 on Monday. The firm has a market cap of $3.87 billion, a P/E ratio of 65.24 and a beta of 0.51. The firm has a 50-day moving average of $31.53 and a 200-day moving average of $34.57. Vermilion Energy has a 12-month low of $29.91 and a 12-month high of $44.95.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.37. The business had revenue of $201.70 million during the quarter. Vermilion Energy had a net margin of 7.17% and a return on equity of 4.52%. On average, equities analysts forecast that Vermilion Energy will post $0.68 earnings per share for the current fiscal year.

Several brokerages recently weighed in on VET. BidaskClub lowered shares of Vermilion Energy from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Royal Bank Of Canada raised shares of Vermilion Energy from a “sector perform” rating to an “outperform” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research raised shares of Vermilion Energy from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Vermilion Energy currently has a consensus rating of “Hold” and an average price target of $53.25.

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Vermilion Energy Company Profile

Dividend History for Vermilion Energy (NYSE:VET)

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