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Scirocco Energy Plc acquires a portfolio of direct and indirect interests in the oil and gas exploration, development, and production assets primarily in Europe, Africa, and the Americas. It holds 25% interests in the Ruvuma Petroleum Sharing Agreement covering an area of approximately 3,447 square kilometers; 8.39% interests in the Kiliwani North Development License; and 4.29% interests in Helium One license located in Tanzania. The company was formerly known as Solo Oil Plc and changed its name to Scirocco Energy Plc in October 2020. Scirocco Energy Plc was incorporated in 2005 and is based in Leeds, the United Kingdom.

Scirocco Energy Dividend Announcement

• Scirocco Energy does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Scirocco Energy dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

Scirocco Energy Dividend History

Scirocco Energy Dividend Yield

Scirocco Energy current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Scirocco Energy stock? Use our calculator to estimate your expected dividend yield:

Scirocco Energy Financial Ratios

P/E ratio-0.43
PEG ratio-0.43
P/B ratio0.20
ROE-37.07%
Payout ratio0.00%
Current ratio3.58
Quick ratio3.67
Cash Ratio0.22

Scirocco Energy Dividend FAQ

Does Scirocco Energy stock pay dividends?
Scirocco Energy does not currently pay dividends to its shareholders.
Has Scirocco Energy ever paid a dividend?
No, Scirocco Energy has no a history of paying dividends to its shareholders. Scirocco Energy is not known for its dividend payments.
Why doesn't Scirocco Energy pay dividends?
There are several potential reasons why Scirocco Energy would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Scirocco Energy ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Scirocco Energy has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Scirocco Energy a dividend aristocrat?
Scirocco Energy is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Scirocco Energy a dividend king?
Scirocco Energy is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Scirocco Energy a dividend stock?
No, Scirocco Energy is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Scirocco Energy stocks?
To buy Scirocco Energy you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Scirocco Energy stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.