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Seplat Petroleum Development Company of Nigeria (SEPL) have issued a corporate action by increasing their dividend per share from $0.06 in 2014 to $0.09 in Q1 2015. Summary below:

Previous Register: Closed 31 December 2014

Proposed Dividend: $0.09 per share (₦18.00 per share at an exchange rate of ₦200 for $1).

Proposed Bonus: None.

Closure Date of Current Register: 22nd May 2015

Annual General Meeting Date: 2nd June 2015
Payment Date: 10th June 2015

Annual General Meeting Venue: Civic Centre, Ozumba Mbadiwe Road, Victoria Island, Lagos

Note that the exchange rate on the date of payment will be the conversion factor for the proposed dividend.

Seplat shares have also gone up 5% to N404 when this dividend was announced.

Happy trading.

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