SEPLAT: 4,715 shareholders look away as dollar dividends pile up

As Seplat Energy Plc prepares for its upcoming 2025 final and special dividend payments in May 2026, the company has revealed that no fewer than 4,715 shareholders have yet to claim their previous dividends.

At its simplest, an unclaimed dividend is a share of a company’s profits that has been declared and set aside for a shareholder, but remains uncollected or unpaid for a specific period of time.

This growing list highlights a persistent challenge in the Nigerian capital market, where investors often miss out on returns due to outdated bank information or a failure to complete the mandatory e-dividend registration.

“Shareholders are hereby informed that a number of dividends still remain unclaimed. The list of all unclaimed dividends will be circulated with the Annual Report and Financial Statements.

“Any member affected by this notice is advised to write to or call the office of the Company’s Registrar, DataMax Registrars Limited, at No. 2c Gbagada Expressway, by Beko Ransom Kuti Park, Gbagada Phase 1, Lagos”, Seplat said in a recent notice of its 13th annual general meeting holding on May 20.

Seplat Energy recently became Nigeria’s first N10,000 stock. The company officially crossed the N10,000 per share threshold, becoming the first listed company on the Nigerian Exchange Limited (NGX) to achieve this five-figure valuation.

The energy giant is urging affected investors to formalise their mandates ahead of another dividend payment in May. Final dividend of US5 cents and a special dividend of US3.3 cents per ordinary share of 50kobo each (subject to appropriate withholding tax) will be paid to shareholders whose names appear in the Register of Members as at the close of business on May 15, 2026.

On or around May 29, 2026, the final and special dividends will be paid electronically in Naira and US Dollars only to shareholders whose names appear on the Register of Members as of May 15, 2026, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

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Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.