Vermilion Energy Inc. Confirms 5.3% Increase to Monthly Cash Dividend to $0.20
CDN Per Share Payable February 15, 2013
CALGARY, Jan. 15, 2013 /CNW/ - Vermilion Energy Inc. ("Vermilion") (VET - TSX)
is pleased to confirm the previously announced 5.3% increase to Vermilion's
monthly cash dividend to $0.20 CDN per share from $0.19 per share. The cash
dividend is payable on February 15, 2013 to all shareholders of record on
January 31, 2013. Vermilion has never reduced its dividend and this marks
the second increase since Vermilion initiated its first distribution to
shareholders in 2003. The ex-dividend date for this payment is January 29,
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 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.
Vermilion believes it is well positioned to continue to provide shareholders
with steady growth and reliable and growing dividends. 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 trades on the Toronto Stock Exchange under the
symbol VET and over-the-counter in the United States under the symbol VEMTF.
Dean Morrison, CFA Director, Investor Relations Suite 3500, 520 - 3rdAvenue
S.W. Calgary, Alberta T2P 0R3 Phone:(403) 269-4884 Fax:(403) 476-8100 IR
Toll Free:1-866-895-8101 www.vermilionenergy.com
SOURCE: Vermilion Energy Inc.
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CO: Vermilion Energy Inc.
NI: OIL NASDAQ DIV
-0- Jan/15/2013 16:50 GMT
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