Vermilion's board of directors has approved a 50% reduction in our monthly dividend to $0.115
per share in response to weakness in commodity prices and reduced
global economic prospects following the outbreak of the novel
coronavirus (COVID-19). The revised dividend will be effective for the
March dividend payable on April 15, 2020.
Well, hard to say that this wasn't expected. Yield had climbed very high and all the information directed to this cut.
Well, hard to say that this wasn't expected. Yield had climbed very high and all the information directed to this cut.
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