Serica Energy plc (LON:SQZ) to Issue Dividend of GBX 14

Serica Energy plc (LON:SQZ - Get Free Report) declared a dividend on Wednesday, April 24th, Upcoming.Co.Uk reports. Investors of record on Thursday, June 27th will be given a dividend of GBX 14 ($0.17) per share on Wednesday, July 24th. This represents a dividend yield of 7.22%. The ex-dividend date is Thursday, June 27th. This is an increase from Serica Energy's previous dividend of $9.00. The official announcement can be viewed at this link.

Serica Energy Stock Up 0.5 %

Shares of LON:SQZ traded up GBX 0.90 ($0.01) during mid-day trading on Wednesday, reaching GBX 194.70 ($2.40). 3,333,241 shares of the stock were exchanged, compared to its average volume of 1,376,666. The stock's 50 day simple moving average is GBX 185.83 and its 200-day simple moving average is GBX 208.20. Serica Energy has a one year low of GBX 166 ($2.05) and a one year high of GBX 271.77 ($3.36). The company has a quick ratio of 1.22, a current ratio of 2.01 and a debt-to-equity ratio of 27.84. The company has a market cap of £766.07 million, a P/E ratio of 270.42, a P/E/G ratio of 2.15 and a beta of 0.43.

Insider Activity at Serica Energy

In related news, insider David Latin purchased 117,255 shares of Serica Energy stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average cost of GBX 184 ($2.27) per share, with a total value of £215,749.20 ($266,488.64). In other Serica Energy news, insider Martin Copeland acquired 19,000 shares of the business's stock in a transaction dated Thursday, March 7th. The stock was bought at an average cost of GBX 179 ($2.21) per share, with a total value of £34,010 ($42,008.40). Also, insider David Latin acquired 117,255 shares of the business's stock in a transaction dated Tuesday, February 6th. The stock was acquired at an average cost of GBX 184 ($2.27) per share, with a total value of £215,749.20 ($266,488.64). Over the last ninety days, insiders purchased 138,369 shares of company stock valued at $25,371,238. Insiders own 41.71% of the company's stock.

Serica Energy Company Profile

Serica Energy plc, an upstream oil and gas company, identifies, acquires, explores, exploits, and produces oil and gas reserves in the United Kingdom. The company holds 100% interest in the Keith oil field; 98% interest in the Bruce field; and 50% interest in the Rhum gas field located in the Northern North Sea, as well as 18% non-operating interest in the Erskine field located in Central North Sea.