SCM Capital Asset Management Limited has declared a coupon of N307.00 per unit for the
Nigeria Energy Sector Fund (NESF) for the financial year ended March 31, 2024, marking a
143.65% increase from the N126.00 paid in 2023.
According to a statement by Managing Director Omololu Ajediran, the payment will be made to all unitholders on the register as of June 2, 2025.
The impressive performance of the Fund is backed by strong fundamentals, including an
Earnings Per Share of N409.46 and a four-year Compound Annual Growth Rate of 59.45%.
SCM Capital added that the N307.00 coupon represents 75% of the Fund’s total earnings for the period.
With the Fund’s last traded price at N552.20 on the Nigerian Exchange Limited, the N307.00 payout reflects a dividend yield of 55.60%, ranking NESF as one of the top-yielding funds in the Nigerian capital market.
The Nigeria Energy Sector Fund is a closed-end investment vehicle designed to provide a
balanced mix of income and medium-to-long-term capital growth through a diversified
portfolio of financial assets in Nigeria’s energy sector.
SCM Capital noted that, in response to rising investor interest, the Fund is currently
undergoing a restructuring process aimed at expanding its investor base.
In a related development, SCM Capital Asset Management Limited announced a coupon
payment of N17.00 per unit for The Frontier Fund for the financial year ended June 30, 2024.
This represents a 13.33% increase compared to the N15.00 distributed in the previous
financial year. The increment reflects the fund’s steady performance and the company’s
commitment to delivering value to its investors. The Frontier Fund, like other offerings
managed by SCM Capital, aims to provide consistent returns through a well-structured
investment strategy. The latest payout reinforces investor confidence in the fund’s long-term prospects and its role in wealth creation and capital preservation.
