{"id":16992,"date":"2026-11-13T14:45:56","date_gmt":"2026-11-13T14:45:56","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/13\/seplats-q3-dividend-translates-to-n258-per-share-as-payouts-rise-businessday-ng\/"},"modified":"2026-11-13T14:45:56","modified_gmt":"2026-11-13T14:45:56","slug":"seplats-q3-dividend-translates-to-n258-per-share-as-payouts-rise-businessday-ng","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/13\/seplats-q3-dividend-translates-to-n258-per-share-as-payouts-rise-businessday-ng\/","title":{"rendered":"Seplat\u2019s Q3 dividend translates to N258 per share as payouts rise – Businessday NG"},"content":{"rendered":"

Seplat Energy Plc\u2019s third quarter dividend will translate to N258.08 per share for shareholders receiving their payments in naira, following the company\u2019s decision to apply an exchange rate of N1,358.34 to the dollar.\n<\/p>\n

The company announced the exchange rate on November 12, using the Nigerian Foreign Exchange Market (NFEM) rate published by the Central Bank of Nigeria on November 11.\n<\/p>\n

The conversion applies to a combined dividend of 19 US cents per share, made up of a 5-cent interim dividend and a 14-cent special dividend. The special dividend accounts for the larger portion of the payment, reflecting the additional cash Seplat is returning to shareholders.\n<\/p>\n

The naira equivalent is about N258.08 per share before withholding tax, with payment scheduled for November 27, 2026.\n<\/p>\n

The latest distribution is considerably higher than the 7.5 US cents paid for the corresponding period last year. It also takes Seplat\u2019s declared dividends for the first nine months of 2026 to 40 US cents per share, bringing the company closer to its full-year guidance of 45 US cents.<\/p>\n

The increase in payouts comes as Seplat reports stronger earnings and production. Its nine-month 2026 revenue rose 27 percent to $2.76 billion, while net income increased to $260.2 million from $95.1 million recorded in the same period of 2025.\n<\/p>\n

Average working interest production also grew seven percent to 144,999 barrels of oil equivalent per day during the nine-month period. Output was stronger in the third quarter, averaging 155,801 barrels of oil equivalent per day.\n<\/p>\n

Cash generation has also strengthened. Seplat reported free cash flow of $749 million for the nine months, while its net debt-to-EBITDA ratio fell to 0.14 times at the end of September from 0.53 times at the end of 2025.\n<\/p>\n

These figures provide context for the larger dividend. Rather than relying solely on a higher distribution, the company is returning cash against a backdrop of improved earnings, stronger production and a lower debt burden.\n<\/p>\n

There could be another significant payment beyond the current dividend programme. Seplat has indicated plans to distribute approximately half of the proceeds from its proposed sale of a 10 percent interest in the NNPC\/SEPNU joint venture to NNPC Limited. The potential distribution has been estimated at 23.3 US cents per share, or approximately $140 million, subject to completion of the transaction and the necessary approvals.<\/p>\n

For Nigerian shareholders, the N1,358.34 exchange rate settles the value of the dollar denominated dividend in local currency. It does not change the underlying entitlement, which remains 19 US cents per share.\n<\/p>\n

Shareholders holding NGX shares without a valid Certificate of Capital Importation receive dividends in naira by default, while eligible shareholders with valid certificates can receive payment in dollars or elect to receive naira.\n<\/p>\n

The latest payment therefore adds to Seplat\u2019s growing shareholder distributions in 2026, with the company\u2019s production and cash generation providing the financial context behind its dividend policy.<\/p>\n

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Businessday NG<\/div>\n","protected":false},"excerpt":{"rendered":"

Seplat Energy Plc\u2019s third quarter dividend will translate to N258.08 per share for shareholders receiving their payments in naira, following the company\u2019s decision to apply an exchange rate of N1,358.34… <\/p>\n","protected":false},"author":1,"featured_media":16993,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/16992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=16992"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/16992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/16993"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=16992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=16992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=16992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}