Circle eyes first dividend payout

Circle Oil — the Limerick -based exploration firm with assets in northern Africa and the Middle East — is actively considering making its first dividend payment to shareholders.

The company has been listed on London’s Alternative Investment Market (AIM) for 10 years, but is yet to reward investors by way of an annual dividend.

However, in an interview with London-based online investor news service, Proactive Investors, Circle’s chief executive Professor Chris Green said that management is contemplating the matter.