Seplat Energy Dividends - SEPL

Seplat Energy Dividends - SEPL

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Stock Name Stock Symbol Market Stock Type
Seplat Energy Plc SEPL London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.80 0.81% 99.00 16:35:07
Open Price Low Price High Price Close Price Previous Close
98.40 98.40 99.00 99.00 98.20
more quote information »
Industry Sector

Seplat Energy SEPL Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

swanvesta: Oh dear. Need a bigger brown envelope? Https://
rogerramjett: Thanks again Seatank. Not worried about the dividend just missed. Anything I buy now is long term. I'm currently holding 17 different investments from financial and insurance, tobacco, chemicals, energy, mining (gold and base metals) a multitude of investment trusts covering infrastructure, renewable energy and storage. I'm looking for yield and stability these days. Nothing short term. My PF yield is 7.5% on the base capital. Intention is to keep reinvesting and building the dividend return. 5 years reasses and potentially step back at 50. Appreciate your response and insight. Nothing rampy. Just insight and honesty. Thank you.
seatank8300: I believe so, the company is domiciled in Nigeria. I checked my own dividends from SEPL; that is the basis of my understanding about the 10% withheld. Note you just missed an ex-date. Next one will be end July or early August. Quarterly is very nice.
seatank8300: Rogerramjett, the dividend is paid 4x per year, currently at a level of US$0.025 (2.5 cents) quarterly, of which 10% is lost to withholding tax, so the net amount is 2.25 cents quarterly, or 9 cents aggregated over 12 months. That today equates to 7.38p annually, but fluctuates with the USDGBP FX. Today's share price is 122p, which means the share has a dividend yield of 6.05%. More pertinently, the dividend costs the company around US$59m annually in cash out, which compares to Free Cash Flow of circa $180m under the strictest definition of FCF. So the company could pay out 3x if they wanted to, at current oil prices. Post Exxon deal, FCF should triple or quadruple. It will take the company 1 or 2 years to pay down debt from the acquisition, thereafter the company will generating >$600m of FCF annually in my view, which amounts to >70% of the market cap, at current oil prices. Note that there are other cash generative catalysts besides, such as the new pipeline about to be commissioned, and the ANOH gas to liquids facility next year. A 70% annual yield would certainly be nice, but I don't think it'll happen, even if the oil price stays >$100; far more likely that SEPL will make further acquisitions (e.g. Shell Nigeria) or invest in new gas assets or solar assets, but the dividend will rise. I expect it will at least double when ANOH is commissioned, in 12 months time (i.e. circa $60m additional EBITDA will paid out to shareholders). Still, the company will be generating too much cash to put to work, so I would expect the dividend to triple at least, ultimately. That would be 18% yield at today's share price, twelves months from now. This is just my expectation, based on my own speculative judgements, but I fully believe in them.
rogerramjett: Can someone explain the dividend yield. I am getting 10c paid in over 4 payments totalling 8p per year. This is only 6.66% yield not over 7% as stated on various sites. However, the potential here is very interesting
seatank8300: Everyone will be surprised if the acquisition isn't approved by government as Exxon and Seplat would have sought Buhari's blessing long ago - it's a formality in my view. Nigeria can't stop Exxon and Shell shedding operations, and rather it br to indigenous operators. In my view, no worries here. This stock has been massively underestimated by the market and recent momentum is only the beginning. Catalysts are: Deal approval Chairman/Founder replacement Amukpe Escravoa pipeline opening New wells this year Productivity improvement of Eland assets Repayment of Eland loan Commercial opening of ANOH Raised dividend FTSE 250 inclusion Is this enough??!
sunbed44: Very quiet here especially as SEPL back in the running for the assts theyre after in Nigeria. By no means a done deal but chances looking a bit better than the other week. Added a few times this week as Im a bit more optimistic now. Even if we flat line and retain 7 percent dividend that suits my strategy now. New assets and capital growth would be the icing on the cake for me.
sunbed44: Got a lot of focus on shares with good capital growth potential and that either pay a dividend that should grow from here or will hopefully be doing so soon. Got decent holdings in DEC 11pc yield i3E 6.5pc yield JSE 1.75pc yield SAVE hopefully starting at 2pc next year SEPL 7pc and WEN 7pc. At least when shares dip you are automatically buying on the dips if reinvesting dividends and you get lucky with payment cycles. FAB to get strong monthly dividend at i3E who pay monthly- better than going to work LOL
sunbed44: RULE OF 72 - A QUICK TIPFor those who invest for dividend yield and compound interest you may be interested in a quick and very accurate tip I have. Its called the RULE of 72.If you divide 72 by the dividend interest rate, the answer is the number of years it takes for your initial investment to double if you automatically reinvest your dividends in to shares.So if you invest £1000 in a share paying a 4% dividend the £1000 will become £2000 in 18 years - 72/4=18 years.A 2% yield would double in 36 years and a 8% yield would double in only 9 years.Just goes to show how important the yields are when looking for dividend returns being automatically reinvested.Add in a bit of capital growth along the way to a strong dividend paying stock and you can very soon make a lot of money.
zengas: Seems that everything is in order. Looks like the Press has gotten the wrong end of the stick or fed inaccuracies as i suspect.
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