Latest news with #SeplatEnergy
Yahoo
12-06-2025
- Business
- Yahoo
Discover 3 UK Dividend Stocks Yielding Up To 6.3%
The UK market has recently experienced some turbulence, with the FTSE 100 index closing lower due to weak trade data from China, highlighting the interconnectedness of global economies and their impact on local markets. In such uncertain times, dividend stocks can offer investors a measure of stability through regular income streams, making them an attractive option for those looking to balance risk and reward in their portfolios. Name Dividend Yield Dividend Rating WPP (LSE:WPP) 7.09% ★★★★★★ Seplat Energy (LSE:SEPL) 6.94% ★★★★★☆ OSB Group (LSE:OSB) 6.71% ★★★★★☆ NWF Group (AIM:NWF) 4.66% ★★★★★☆ Man Group (LSE:EMG) 7.21% ★★★★★☆ Keller Group (LSE:KLR) 3.28% ★★★★★☆ James Latham (AIM:LTHM) 6.84% ★★★★★☆ Grafton Group (LSE:GFTU) 3.64% ★★★★★☆ Dunelm Group (LSE:DNLM) 6.66% ★★★★★☆ 4imprint Group (LSE:FOUR) 5.07% ★★★★★☆ Click here to see the full list of 59 stocks from our Top UK Dividend Stocks screener. Let's take a closer look at a couple of our picks from the screened companies. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Hargreaves Services Plc offers environmental and industrial services across the United Kingdom, Europe, Hong Kong, and internationally, with a market cap of £217.82 million. Operations: Hargreaves Services Plc generates revenue primarily from its Services segment, which accounts for £219.11 million, and also from Hargreaves Land, contributing £10.54 million. Dividend Yield: 5.6% Hargreaves Services offers a dividend yield of 5.61%, placing it in the top 25% of UK dividend payers. However, its dividends are not well covered by cash flows, with a high cash payout ratio of 108.7%, and have been volatile over the past decade. Recent executive changes, including Simon Hicks' appointment as COO, may impact future performance but currently do not assure improved dividend reliability or sustainability despite potential earnings growth. Get an in-depth perspective on Hargreaves Services' performance by reading our dividend report here. Our valuation report here indicates Hargreaves Services may be overvalued. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Intertek Group plc offers quality assurance solutions across multiple industries worldwide, with a market capitalization of approximately £7.62 billion. Operations: Intertek Group plc generates revenue through several segments, including World of Energy (£757.30 million), Consumer Products (£958.80 million), Health and Safety (£337.20 million), Corporate Assurance (£496.30 million), and Industry and Infrastructure (£843.60 million). Dividend Yield: 3.2% Intertek Group's dividend yield of 3.24% is below the top UK payers but remains reliable, supported by a payout ratio of 73% and cash flow coverage at 53.5%. Dividends have grown steadily over the past decade with minimal volatility. Recent developments include a final dividend approval of 102.6 pence per share and board committee changes, which may influence governance but not directly affect current dividend stability or growth prospects. Click here to discover the nuances of Intertek Group with our detailed analytical dividend report. The valuation report we've compiled suggests that Intertek Group's current price could be quite moderate. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Vesuvius plc offers molten metal flow engineering and technology services to the steel and foundry casting industries globally, with a market cap of £904.47 million. Operations: Vesuvius plc generates revenue through its segments: Foundry (£476.30 million), Steel - Flow Control (£769 million), Steel - Sensors & Probes (£39.20 million), and Steel - Advanced Refractories (£535.60 million). Dividend Yield: 6.3% Vesuvius offers a dividend yield of 6.35%, ranking in the top 25% of UK payers, yet its dividends are not well covered by free cash flow, indicated by a high cash payout ratio of 99.2%. Despite past volatility and unreliable payments, dividends have grown over the last decade. Recent share buybacks totaling £50 million suggest potential capital return focus but do not directly enhance dividend sustainability given current coverage issues. Click here and access our complete dividend analysis report to understand the dynamics of Vesuvius. In light of our recent valuation report, it seems possible that Vesuvius is trading behind its estimated value. Take a closer look at our Top UK Dividend Stocks list of 59 companies by clicking here. Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AIM:HSP LSE:ITRK and LSE:VSVS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
03-06-2025
- Business
- Zawya
Local firms drive new growth phase in Nigeria's oil sector
LAGOS - Nigeria is witnessing a significant shift in its oil and gas landscape as local companies expand their roles, driving a new phase of potential sectoral growth and innovation. Leading the charge are companies which bought onshore and shallow water assets from oil majors planning billions of dollars of investments to develop abandoned fields. Smaller producers are also pulling their weight, for example Nigeria's first locally developed and operated onshore crude terminal, Otakikpo, began loading operations on Monday. Built by Green Energy Limited and located in the OML 11 block near Port Harcourt, it marks a milestone in local capacity. Shell loaded the first crude cargo through the 360,000 bpd capacity terminal on Monday, opening up potential drilling prospects for over 40 stranded fields in the region. Similarly, Conoil Producing Limited recently shipped the first cargo of its new Obodo crude blend from the onshore OML 150 in the Niger Delta. The cargo was lifted by Oando Trading, a subsidiary of Oando Plc which bought ENI's divested assets. Following this trend, Renaissance Africa Energy — after acquiring Shell's onshore assets — is committing to investing $15 billion over the next five years in its oil and gas operations. The company aims not only to balance its portfolio by increasing crude oil production but also to double its gas output once a key local gas pipeline is completed. Similarly, Seplat Energy, following its acquisition of ExxonMobil's Nigerian shallow-water assets, recently announced plans to reopen 400 previously shut-in wells. CEO Roger Brown said the company is set to invest up to $320 million this year in drilling campaigns and infrastructure, with the goal of boosting crude production to around 140,000 barrels per day. "We are focused on reviving existing wells, expanding drilling campaigns, and increasing gas volumes," Brown said during the company's annual general meeting. While these developments show the increasing role local producers are playing amidst government reforms, they are also grappling with challenges. "These operators face higher costs due to security challenges, community disputes, oil theft and ageing infrastructure – a key aspect of reducing costs for operators will be addressing these challenges," said Mikolah Judson, an analyst at global risk consultancy, Control Risk. These local players, signal a new phase for Nigeria's oil and gas sector and could provide support for the government's plan to raise oil output by additional 1 million barrels per day (bpd) next year, head of Nigeria's oil regulator said. They now account for over half of Nigeria's oil production from around 40% before the oil majors completed their divestment programmes according to the regulator's data.
Zawya
28-05-2025
- Business
- Zawya
Seplat Energy Chief Executive Officer (CEO) Joins African Energy Week (AEW) 2025 as Nigeria Accelerates Gas-Driven Growth
Roger Brown, CEO of Nigerian independent oil and gas company Seplat Energy, has been confirmed as a speaker at African Energy Week (AEW): Invest in African Energies 2025, taking place from September 29 to October 3 in Cape Town. His participation underscores Nigeria's gas-led strategy to drive industrialization, boost power generation and attract investment across the energy value chain. In recent years, Seplat Energy has solidified its position as a key enabler of Nigeria's just energy transition, advancing low-carbon oil and gas developments that unlock value for local communities. The company recently announced plans to revive over 400 idle oil wells across 11 blocks, is advancing the $650 million ANOH Gas Processing Plant – slated to produce 300 million cubic feet per day – and has ramped up output through its $1.28 billion acquisition of energy major ExxonMobil's local subsidiary Mobil Producing Nigeria Unlimited. The deal, which received federal approval in 2024, effectively tripled Seplat Energy's production volume and secured major stakes in prolific onshore and shallow water assets. Marking a significant step forward in Nigeria's oil and gas sector, Seplat Energy's acquisition of Mobile Producing Nigeria Unlimited in 2024 saw the company gain a 40% interest in four oil mining leases and associated infrastructure, including the Qua Iboe oil terminal. Additionally, Seplat Energy assumed at 51% stake in the Bonny River natural gas liquids recovery plant. These strategic additions are expected to significantly enhance Seplat Energy's production capacity and operational capabilities, solidifying its role as a major player in Nigeria's upstream sector. In Q1, 2025, Seplat Energy reported a 350% year-on-year revenue increase to $809.3 million, fueled by higher hydrocarbon volumes and robust gas sales. The company is currently producing over 131,000 barrels of oil equivalent per day and has maintained over 11 million man-hours without a lost-time injury, demonstrating its operational excellence and safety culture. Seplat Energy's financial strength and strategic positioning have also enabled generous shareholder returns, including a 28% dividend increase for Q1, 2025. As Nigeria pursues a future powered by natural gas and homegrown innovation, Brown's participation at AEW: Invest in African Energies 2025 is expected to showcase emerging opportunities for independence energy companies in West Africa. During the event, Brown is expected to explore how the country is leveraging its vast reserves – over 200 trillion cubic feet – to secure energy for its population and position itself as a gas powerhouse in Africa. 'Seplat Energy's expansion of its gas portfolio, infrastructure investments and acquisition strategy serve as a blueprint for sustainable, inclusive growth, The company's aggressive investment and development strategy is expected to unlock significant value for Nigeria, as the country seeks to unlock the true potential of its oil and gas reserves,' states Tomás Gerbasio, VP Commercial and Strategic Engagement, African Energy Chamber. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Distributed by APO Group on behalf of African Energy Chamber.
Bloomberg
06-05-2025
- Business
- Bloomberg
Nigeria LNG Plant May See Gas Supplies Climb 12% on Seplat Deal
Africa's biggest liquefied natural gas plant, whose operations have been hobbled by fuel theft, is set to see gas supplies jump once a deal with Seplat Energy goes into effect, an executive said. Under the terms of a preliminary agreement, Seplat will send more than 150,000 tons of gas a month to the Nigeria LNG Ltd. plant, said Effiong Okon, who heads a Seplat subsidiary that operates a key gas project north of the facility. That's more than 12% higher than last year's monthly average.
Yahoo
03-05-2025
- Business
- Yahoo
Four Days Left Until Seplat Energy Plc (LON:SEPL) Trades Ex-Dividend
Seplat Energy Plc (LON:SEPL) is about to trade ex-dividend in the next 4 days. The ex-dividend date is usually set to be two business days before the record date, which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Meaning, you will need to purchase Seplat Energy's shares before the 8th of May to receive the dividend, which will be paid on the 23rd of May. The company's upcoming dividend is US$0.069 a share, following on from the last 12 months, when the company distributed a total of US$0.18 per share to shareholders. Calculating the last year's worth of payments shows that Seplat Energy has a trailing yield of 7.9% on the current share price of UK£2.06. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to check whether the dividend payments are covered, and if earnings are growing. We've discovered 2 warning signs about Seplat Energy. View them for free. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Seplat Energy paid out more than half (50%) of its earnings last year, which is a regular payout ratio for most companies. Yet cash flow is typically more important than profit for assessing dividend sustainability, so we should always check if the company generated enough cash to afford its dividend. Fortunately, it paid out only 29% of its free cash flow in the past year. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. See our latest analysis for Seplat Energy Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Companies with falling earnings are riskier for dividend shareholders. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. Seplat Energy's earnings per share have fallen at approximately 8.8% a year over the previous five years. When earnings per share fall, the maximum amount of dividends that can be paid also falls. The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Since the start of our data, 10 years ago, Seplat Energy has lifted its dividend by approximately 6.1% a year on average. Growing the dividend payout ratio while earnings are declining can deliver nice returns for a while, but it's always worth checking for when the company can't increase the payout ratio any more - because then the music stops. From a dividend perspective, should investors buy or avoid Seplat Energy? We're not enthused by the declining earnings per share, although at least the company's payout ratio is within a reasonable range, meaning it may not be at imminent risk of a dividend cut. While it does have some good things going for it, we're a bit ambivalent and it would take more to convince us of Seplat Energy's dividend merits. However if you're still interested in Seplat Energy as a potential investment, you should definitely consider some of the risks involved with Seplat Energy. For instance, we've identified 2 warning signs for Seplat Energy (1 is concerning) you should be aware of. A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
