Transcorp Power Shareholders to Get N3.50 Final Dividend

Transcorp Power Shareholders to Get N3.50 Final Dividend

Transcorp Power Plc shareholders have approved a final dividend of N3.50 per share in respect of the 2024 earnings period at its 12th annual general meeting held on Tuesday in Abuja.

The company’s dividend decision followed its impressive earnings performance for the financial year 2024.  Transcorp Power grew profit by 165% year on year to N30.2 billion in financial year 2024, bolstered by increased business activities and rising prices.

Details from the power generating company showed that annual revenue expanded by 115% year on year to N305.9 billion in 2024 from N142.1 billion in the comparable period. The company share price traded steady at N369.40 in the equities segment of the Nigerian Exchange after the announcement.

“That a final dividend of N3.50k per ordinary share recommended by the Directors for the year ended December 31, 2024 be, and is hereby, approved,” an official statement reads. #Transcorp Power Shareholders to Get N3.50 Final Dividend Yield Slips ahead of CBN’s N530bn Treasury Bills Auction