SCM Capital Asset Management Limited has declared a coupon payment of N307.00 per unit for the Nigeria Energy Sector Fund for the financial year ended March 31, 2024, representing a 143.65 per cent increase compared to the N126.00 paid in 2023.
According to a statement by the Managing Director, SCM Capital Asset, Management Limited, Omololu Ajediran, the coupon will be paid to all unitholders whose names appeared on the register as of June 2, 2025.
The Fund’s robust performance is underpinned by strong fundamentals, including an Earnings Per Share of N409.46 and a Compound Annual Growth Rate of 59.45 per cent over the past four years. SCM Capital noted that the N307.00 coupon distribution represents 75 per cent of NESF’s total earnings for the review period.
Based on the Fund’s last traded price of N552.20 on the Nigerian Exchange Limited, the N307.00 payout translates to a dividend yield of 55.60 per cent, making NESF one of the highest-yielding funds in the Nigerian capital market.
The Nigeria Energy Sector Fund is a closed-end investment vehicle that seeks to deliver a balanced combination of income and medium-to-long-term capital appreciation through a diversified portfolio of financial assets within Nigeria’s energy sector.
Amid increased investor interest, the Fund is currently undergoing a restructuring process aimed at broadening its investor universe, the company said.
In a related development, SCM Capital 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 per cent year-on-year increase from the N15.00 distributed in the previous year.
The Frontier Fund is an open-ended balanced unit trust scheme structured to deliver long-term capital growth while providing a competitive stream of income to investors.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Contact: [email protected]
