SCM Capital declares N307.00 coupon per unit, up by 143.65%
SCM Capital Asset Management Limited, the Fund Manager of the Nigeria Energy Sector Fund (NESF), has announced a coupon payment of N307.00 per unit for the financial year ended March 31, 2024. This represents a 143.65% increase compared to the N126.00 paid in 2023, reflecting the Fund’s robust performance and strategic investment approach. A statement […]
SCM Capital Asset Management Limited, the Fund Manager of the Nigeria Energy Sector Fund (NESF), has announced a coupon payment of N307.00 per unit for the financial year ended March 31, 2024.
This represents a 143.65% increase compared to the N126.00 paid in 2023, reflecting the Fund’s robust performance and strategic investment approach.
A statement by the firm said the coupon will be paid to all unit holders whose names appear on the register as of June 2, 2025.
According to the organisation, its strong fundamentals are further demonstrated by its Earnings Per Share (EPS) of N409.46 and an impressive Compound Annual Growth Rate (CAGR) of 59.45% over the past four years.
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The firm said the distribution represents 75% of total earnings, resulting in a dividend yield of 55.60% based on the last traded price of N552.20 on the Nigerian Exchange (NGX).
“This remarkable yield cements NESF’s position as one of the highest-yielding funds in Nigeria,” the statement said.
In a related development, SCM Capital has also declared a coupon payment of N17.00 per unit for The Frontier Fund for the financial year ended June 30, 2024
This marks a 13.33% year-on-year increase from the N15.00 declared in the previous year.