Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE), has announced an interim dividend of US 4.6 cents per ordinary share of N0.50k each, subject to applicable withholding tax. The dividend will be paid to shareholders whose names appear on the Register of Members at the close of business on August 13, 2025.
This declaration follows the company’s strong financial results for the period ended June 30, 2025, and reflects its continued commitment to rewarding shareholders through consistent dividend payments.
Key Details
| Event | Details |
|---|---|
| Period Ended | June 30, 2025 |
| Dividend Announcement Date | July 30, 2025 |
| Interim Dividend | US 4.6 cents per share (subject to WHT) |
| Qualification and Record Date (NGX) | Close of business on August 13, 2025 |
| Closure of Register (NGX) | August 14, 2025 |
| London Stock Exchange Record Date | August 13, 2025 |
| Estimated Payment Date | Late August 2025 |
Dividend Eligibility
Shareholders who are listed on the NGX Register of Members as of the close of business on August 13, 2025, will qualify for the interim dividend. To facilitate payment processing, the register will be closed on August 14, 2025. Holders of Seplat shares via the London Stock Exchange will also have their record date on August 13, 2025.
Eligible shareholders may choose to receive their dividends in either US dollars or Naira, depending on their investment registration details. Payments will be made subject to the appropriate withholding tax in line with Nigerian tax regulations.
Corporate and Financial Context
This interim dividend follows Seplat Energy’s steady track record of shareholder returns. Earlier this year, the company declared an interim dividend of US 4.6 cents per share for the first quarter of 2025. In 2024, Seplat paid a total dividend of US 16.5 cents per share, which included final and special dividends, marking a notable increase compared to previous years.
The company’s performance has been driven by improved production levels, strong operational efficiency, and the successful integration of new assets. The board has expressed confidence in sustaining dividend payouts as cash flow generation remains robust and production forecasts remain positive for 2025.
Shareholder Value
Seplat Energy’s consistent dividends reinforce its strategy of delivering value to shareholders while maintaining financial discipline. This latest declaration reflects both market confidence in the company’s stability and its ability to maintain profitability in Nigeria’s dynamic energy sector.
