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VET - Vermilion Energy: Safe 14%+ Dividend Yield But It's Too Much
Vermilion Energy Inc. Common
In the current challenging oil and gas environment, stock prices of many Canadian producers got hammered over the last several months. Among those producers, some pay a heavy dividend.
The graph below shows the market now offers many opportunities at TTM (Trailing Twelve Months) dividend yields between 8% and 11%.
Data by YCharts
In previous articles, I discussed these dividends were sustainable at current oil and gas prices (here, here, here, and here).
But Vermilion Energy's (VET) dividend yield is outstanding, even in the context of 8%+ dividend