This week, oil and gas giant Vermilion Energy suspended its dividend. Their liquidity is also quite weak, which significantly increases the associated investment risks. Since their leverage has increased further during the first quarter of 2020, they will need to spend years deleveraging before reinstating any significant dividends. Vermilion Energy pays monthly dividends, as opposed to the more common quarterly schedule. This article is exclusive for subscribers. Vermilion Energy Inc. Suspends Dividend Amid COVID-19 Crisis Shauvik Haldar | Apr 15, 2020 Read ahead to learn more about the dividend suspension. Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. There are currently just 58 monthly dividend stocks. Before it suspended its payout, Vermilion was one of the most lucrative income stocks on the market. News NetEase, Inc. Decreases Dividend by 26.72% Shauvik Haldar | Nov 28, 2018 Here are 9 securities going ex-dividend this week with a decreased payout. VET Dividend History & Description — Vermilion Energy Inc. Vermilion Energy, through its subsidiaries, is engaged in the business of oil and natural gas exploitation, development, acquisition and production in Canada, France, the Netherlands, Australia and Ireland. Chart. Vermilion Energy Inc. (VET) Dividend Growth History: By month or year. 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. Given these risks are also accompanied with no income, they are not a desirable investment for dividend investors and thus I believe that maintaining my neutral rating is appropriate. Vermilion Energy (NYSE:VET) further slashes its monthly dividend by 83% to C$0.02/share from C$0.115/share, translating to forward annual yield of 4.93%. Vermilion Energy recently completely suspended their dividend despite being sought-after for their once massive dividend yield. Whilst this seemed, Long-term horizon, Contrarian, Oil & Gas, industrials. Vermilion is targeting … 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. The complete suspension of dividends by Vermilion Energy (NYSE:VET) has been quite severe for their shareholders, as I suspect many dividend investors were lured by their large dividend yield.
Indeed, Vermilion has seen its share price cut by two-thirds in the space of a couple of weeks as of this update. Our business model emphasizes organic production growth augmented with value-adding acquisitions, along with providing a meaningful dividend stream to investors. And, the recent plunge in oil prices forced the company to cut its dividend by 50%. I previously warned about this risk in two articles, as their poor dividend coverage and high leverage left them zero ability to sustain their dividend during a downturn. Vermilion Energy recently completely suspended their dividend despite being sought-after for their once massive dividend yield.
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