Seplat Energy to Use N1681 for Naira Dividend Payment
Seplat Energy Plc has announced decision to use exchange rate of N1681 for its interim dividend payment to Nigerian shareholders. A significant growth in tax expenses eclipsed the Seplat performance in Q3 and cause profit after tax to drop by about 56% year on year to $35.254 million.
Still, Seplat Energy increased its quarterly dividend by 20.0% to 3.6 cents per share from Q3’24, backed by an 11% increase in cash to $433.9 million.
In its regulatory filing, the Nigerian independent energy company listed on both the Nigerian Exchange Limited and London Stock Exchange adopted official closing rate for Monday 11 Nov 2024.
The company told the regulator and the investing public the currency exchange rate applicable in determining Q3 2024 interim dividend to shareholders that will receive the dividend payment in Naira.
The exchange rate for the Naira amounts payable is the NAFEM closing rate for November 11, 2024. Exchange Rate 1 USD = 1,681.42 NGN, the company said. #Seplat Energy to Use N1681 for Naira Dividend Payment
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