Friday, December 3, 2021

Vermillion Energy announced plans to reinstate dividend next year

Vermillion Energy announced plans to reinstate a $0.06 per share quarterly dividend commencing in Q1 2022. Return of capital framework will be a staged approach that will increase over time as further debt targets are achieved while retaining the flexibility to adjust when necessary. The Corrib Acquisition will significantly enhance the company's FCF profile and ability to return additional capital to shareholders.

Good that dividend gets reinstated. Low figures though and changed to quarterly but progress anyway.

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