VET - Vermilion Energy: On Track To End 2022 With A Massive 20%+ Yield
- Almost two years after suspending their dividends, Vermilion Energy has recently reinstated their dividends.
- Whilst they are still only tiny and provide a very dividend low yield of circa 1%, they appear on track to end 2022 on a vastly better note.
- Upon reaching their debt target during the first half of 2022, their management intends to ramp up dividends and share buybacks.
- Given their forecast free cash flow, they could still provide a massive 20%+ shareholder yield on current cost even if they retain a sizable portion of their free cash flow.
- Following this favorable outlook, it should be no surprise that I am maintaining my buy rating.
For further details see:
Vermilion Energy: On Track To End 2022 With A Massive 20%+ Yield