Vermilion Energy Board Approves up to $625 Million Capital Budget in 2025; 8% Quarterly Dividend Increase

MT Newswires Live

2024/12/19

Vermilion Energy (VET) said Thursday its board approved budgeting $600 million to $625 million in capital expenditures for 2025, including drilling and infrastructure capital for all its major business units.

The company said its board also approved an 8% increase in quarterly dividend to 0.13 of a Canadian dollar ($0.09) per share starting in Q1. The Q1 dividend is payable April 15, Vermilion Energy added.

Vermilion Energy shares were up nearly 5% in recent Thursday trading.

Price: 9.09, Change: +0.44, Percent Change: +5.09

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