Box 500 Station A Toronto, ON Canada, M5W 1E6. A favourite among income investors for its high yield, Vermilion slashed the dividend by 50% in early March. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. This week, oil and gas giant Vermilion Energy suspended its dividend. Retirement plans hinge on this crucial source of passive income, and a sudden cut could be devastating for savers. We reserve the right to close comments at any time. For the Dividend Reinvestment Component of the Plan, shares are issued to the participant at the Average Market Price. Vermilion Energy Inc. reported a fourth-quarter profit of $1.5 million and cut its dividend in half due to weakness in commodity prices and reduced global economic prospects following the outbreak of the novel coronavirus. Vermilion Energy pays monthly dividends, as opposed to the more common quarterly schedule. It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. Vermilion has paid cumulative dividends of $3.8B, or $40.20 per share, from 2003 through March 2020. Nevertheless, an unexpected shortfall in income or liquidity crunch could push companies to cut their dividend payouts. We have a clear and proven vision for long-term growth. Gamehost Inc. (TSX:GH)is an Alberta-based casino and hotel operator. Be a part of it. The company owns three casinos in Calgary, Grande Prairie, and Fort McMurray, as well as a couple of hotels. Record Date:  The date on which shareholders must hold the stock to receive the applicable dividend. Effective for the payout to shareholders on April 15, the dividend will fall 50 per cent to $0.115 per share. A favourite among income investors for its high yield, Vermilion slashed the dividend … CALGARY - Shares in Vermilion Energy Inc. fell by as much as 16 per cent Friday morning after it cut its dividend in half to deal with weakness in commodity prices linked to … Vermilion Energy (VET -11.3%) cuts its 2020 capital budget by C$80M-C$100M, a 25% reduction at the midpoint, and its monthly dividend to C$0.02/share from … Don’t, however, expect any raises, and don’t be surprised if the company cuts its dividend. Comments on this story are moderated according to our Submission Guidelines. During this period the dividend has been stable, which could imply the business could have relatively consistent earnings power. All our operating regions generate free cash flow with a project slate that delivers high margins, low decline rates and strong capital efficiencies. I believe Equ… Comments are welcome while open. Our global exposure provides us with stronger and more stable pricing, project investment diversification and a greater selection of business development opportunities. We believe that producing energy for the many people and businesses that rely upon it to meet their daily needs and sustain their quality of life is both a great privilege and a great responsibility. Indeed, Vermilion has seen its share price cut by two-thirds in the space of a couple of weeks as of this update. There are currently just 58 monthly dividend stocks. On April 15, 2020 we announced the suspension of our monthly dividend until further notice. Vermilion’s operations are focused in three core areas, North America, Europe and Australia. To deal with the financial hit, Vermilion trimmed its capital spending plans by roughly 20% in mid-March and reduced its monthly dividend by 83%. Vermilion Energy (NYSE: VET) is based in Calgary, but it also has operations in the U.S., the Netherlands, Germany, France and Australia. The company has paid a monthly dividend for nearly 17 years. Taxation Year: The taxation year to which the dividend is applicable. With both energy and travel spending drying up, the company could be on shaky ground. 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. By far the biggest concern is mortgage debt. CBC's Journalistic Standards and Practices. Older articles featuring Vermilion Energy (VET): Dividend Cuts - Starting To Outperform Canadian Dividend Cuts And Suspensions List - What To Do Ovintiv: Anticipating A Dividend Cut 93 Monthly Pay Dividend Dogs And 80 Top Yield Funds For March The Retiree's Dividend Portfolio - Jane's January Update: 4 Reasons Why You Find It Difficult Saving Money To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Supported by a strong leadership team, our staff drive a high performing, engaged, collaborative and community-minded culture that is the single most important factor in our success. Vermilion Energy Inc. Suspends Dividend Amid COVID-19 Crisis Shauvik Haldar | Apr 15, 2020 Read ahead to learn more about the dividend suspension. During the past ten-year period, the first annual payment was CA$… On April 15, 2020 we announced the suspension of our monthly dividend until further notice. Vermilion Energy (NYSE: VET) -13.2% pre-market after missing Q4 earnings expectations and slashing its monthly dividend in half to to C$0.115/share from C$0.23. And, the recent plunge in oil prices forced the company to cut its dividend by 50%. The oil and natural gas producer says COVID-19 has altered individual, business and government behaviour and that these impacts are negative for the outlook for global economic growth, commodity prices in general, and oil demand and prices in particular. Vermilion Energy Inc.’s chief executive says the company’s dividend isn’t going anywhere. Vermilion Energy Inc. has bowed to volatile energy market dynamics, announcing it will slash its monthly dividend in half. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Pseudonyms will no longer be permitted. The slew of cuts and suspensions kicked off with Vermilion Energy (TSX:VET)(NYSE:VET). While I don’t have many doubts about its long-term survival — Gamehost’s balance sheet is strong, it has a reasonable cash cushion, and it owns good long-term assets — the next few quarters could be particularly ugly. Vermilion had been paying $0.23 per share since early 2018. When the economy declines, people and businesses lose the ability to service their debt. 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%. Review VET (XNYS) dividend yield and history, to decide if VET is the best investment for you. CALGARY — Shares in Vermilion Energy Inc. fell by as much as 16 per cent Friday morning after it cut its dividend in half to deal with weakness in commodity prices linked to economic fallout from the novel coronavirus. Audience Relations, CBC P.O. Canadian banks are overexposed to household mortgages. It has never cut the dividend and has raised it four times. CALGARY — Vermilion Energy Inc. reported a fourth-quarter profit of $1.5 million and cut its dividend in half due to weakness in commodity prices and reduced global economic prospects following the outbreak of the novel coronavirus. If house prices decline and people lose their properties, banks could be severely hit. Vermilion Energy plans to save approximately $550 million in reduced capital expenses, cut dividends, and other cost-cutting activities this year. We care enough to look for it. Since 2003, Vermilion has automatically reinvested shareholder dividends at preferre… It is computed by dividing earnings per share divided by dividend per share (EPS/DPS) and, generally speaking, dividend cover of less than 1.5x earnings should be a flag for further investigation. Our free cash flow-oriented model seeks to create value for our shareholders while minimizing risk. It’s well known that we have not cut it,” Vermilion CEO Anthony Marino told BNN Bloomberg in an interview Thursday. Transfer Agent Computershare Trust Company of Canada 100 University Avenue, 9th Floor Toronto, Ontario M5J 2Y1, Phone 1-800-564-6253 Fax 1-416-263-9394 Toll Free 1-888-453-0330, investor_relations / vermilionenergy, com, robert.engbloom / nortonrosefulbright, com, Ex-dividend Date:   One business day prior to the record date. Calgary-based Vermilion says it will now pay a monthly dividend of 11.5 cents per share, down from its earlier rate of 23 cents per share. The cut in its payment to shareholders came as Vermilion reported a profit of a penny per share for quarter ended Dec. 31 compared with a profit of $323.4 million or $2.12 per share a year earlier. At Vermilion, our people deliver excellence daily, around the world. Since our founding more than 20 years ago, Vermilion has been guided by our core values of Excellence, Trust, Respect and Responsibility. Chart. Vermilion's FFO has exceeded the total of its capital expenditures and dividends paid for a decade. Vermilion finally ripped off … We continue to do that. Vermilion’s dividend prospects are neutral, and it will most likely maintain it over the short term. Vermilion Energy Inc. (VET.TO) pays an annual dividend of C$1.27 per share, with a dividend … Vermilion followed up with a second cut on March 16, when it cut the dividend to $0.02 from $0.011 per share. On March 6, the company chopped the monthly dividend in half to $0.115 per share, starting with the April 15 payment. “We’ve been paying a monthly dividend or distribution for 16 years. Part of this discrepancy was thanks to the company's dividend reinvestment program, or DRIP. Vermilion Energy has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. It could burn through its cash … Normally you wouldn't even compare Vermillion to names like these (it doesn't have downstream assetslike the integrated giants, for one thing), but its drilling-f… From the perspective of an income investor who wants to earn dividends for many years, there is not much point buying a stock if its dividend is regularly cut or is not reliable. Vermilion Energy (NYSE: VET) -4.4% pre-market after suspending its monthly dividend until further notice, citing the further deterioration in near-term commodity prices… Vermilion has paid cumulative dividends of $3.8B, or $40.20 per share, from 2003 through March 2020. A look at Vermilion Energy Inc (TSE:VET)’s dividend cover Dividend cover is perhaps the most widely interpreted dividend health metric. Shares in Vermilion Energy Inc. fell by as much as 16 per cent Friday morning after it cut its dividend in half to deal with weakness in commodity prices linked to … To make up the difference while maintaining its dividend, Vermilion has issued new shares -- which raise money but dilute existing shares' value -- and taken on debt. For the period that the Premium Dividend. Find the latest dividend history for Vermilion Energy Inc. Common (Canada) (VET) at Nasdaq.com. While not exactly a small company, it competes against names like ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX), which have market caps of roughly $290 billion and $230 billion, respectively. Calgary-based Vermilion says it will now pay a monthly dividend of 11.5 cents per share, down from its earlier rate of 23 cents per share. Petroleum and natural gas sales totalled $388.8 million in its most recent quarter, down from $456.9 million in the fourth quarter of 2018. To be a stockholder on the Record Date, you must purchase the stock. Vermillion Energy hails from Canada and has a $2.3 billion market cap. Vermilion Energy Inc. (VET) Dividend Growth History: By month or year. Please note that CBC does not endorse the opinions expressed in comments. Direct deposit of dividends can be requested by contacting Computershare Trust Company of Canada and requesting a Direct Deposit Form. This has already started in Canada, as unemployment hits a record high. Calgary-based Vermilion says it will now pay a monthly dividend of 11.5 cents per share, down from its earlier rate of 23 cents per share. Fund flows from operations in its fourth quarter totalled $215.6 million or $1.38 per diluted share compared with $222.3 million or $1.44 per diluted share in the last three months of 2018. Ten days later, on March 16, Vermilion took the dividend down to $0.02 per share, effective as of the May payment, amid deteriorating commodity prices. Average Market Price: Used to calculate the amount of shares issued under the Dividend Reinvestment Plan. This means delinquencies on business loans, credit cards, and auto loans spike. There is value beyond ourselves in the communities where we operate. As a responsible energy producer, we are committed to giving back to the communities where our people live and work. This was an 83% cut. The cut in its payment to shareholders came as Vermilion reported a profit of a penny per share for quarter ended Dec. 31 compared with a profit of $323.4 million or $2.12 per share a year earlier. Vermilion Energy cuts dividend in half, reports Q4 profit down from year ago March 6, 2020 The Canadian Press CALGARY — Vermilion Energy Inc. reported a fourth-quarter profit of $1.5 million and cut its dividend in half due to weakness in commodity prices and reduced global economic prospects following the outbreak of the novel coronavirus. Income-seeking investors hate a dividend cut. 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