VET - Is Vermilion Energy a Buy?
Want to double your money in five years? Just invest in a dividend stock that yields 14.9%, and -- assuming the dividend stays the same during that time frame -- that's exactly what's going to happen. And of course, assuming a high dividend is going to remain as such is a pretty big assumption.
Canadian oil and gas production company Vermilion Energy (NYSE: VET) saw its yield hit that sweet 14.9% mark back in October. Currently, it's yielding about 14%: still a healthy sum. And it offers a monthly payout as opposed to the standard quarterly version.
But there's more to a dividend than just yield and frequency. Let's take a closer look at Vermilion to see if it's worth buying today.