10:08 AM EST, 12/19/2024 (MT Newswires) -- 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 ( VET ) added.

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

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