Published on 25 Mar 2023 on Simply Wall St. via Yahoo Finance

Vermilion Energy Inc. (TSE:VET) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

Vermilion Energy Inc. (TSE:VET) stock is about to trade ex-dividend in four days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Therefore, if you purchase Vermilion Energy's shares on or after the 30th of March, you won't be eligible to receive the dividend, when it is paid on the 17th of April.

The company's next dividend payment will be CA$0.10 per share, on the back of last year when the company paid a total of CA$0.32 to shareholders. Based on the last year's worth of payments, Vermilion Energy has a trailing yield of 2.4% on the current stock price of CA$16.99. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to check whether the dividend payments are covered, and if earnings are growing.

View our latest analysis for Vermilion Energy