Unidentified Shareholder's questions to Vermilion Energy Inc (VET) leadership • Q1 2024
Question
An unidentified shareholder questioned if the company would consider a special dividend as a method for capital return.
Answer
President and CEO Anthony Hatcher stated that at the stock's current valuation, management firmly believes share buybacks are the superior allocation of capital and a 'clear priority.' He conceded that if the stock price were to more fully reflect the company's intrinsic value in the future, other options like special dividends could be considered, but that is not the case at present.