Vermilion Energy Keeps Dividend Steady
Sep 16th 2013 9:54PM
Updated Sep 16th 2013 9:56PM
Vermilion Energy has elected to stick with its existing dividend policy. The Canadian energy producer has declared a monthly distribution of C$0.20 ($0.19) per share, to be paid on October 15 to shareholders of record as of September 30. That amount matches each of the is monthly dividends declared so far this calendar year. Prior to that, Vermilion had paid C$0.19 ($0.18) every month since January 2009.
That payment streak continued unabated despite the company's transformation from a trust into a corporation in 2010.
In U.S. dollar terms, the just-declared dividend annualizes to $2.28 per share. That yields 4.2% at Vermilion's most recent closing stock price of $54.91.
The article Vermilion Energy Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Vermilion Energy. The Motley Fool owns shares of Vermilion Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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