Friday, March 6, 2020

Vermilion decreases dividend

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. 

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