Transcorp Power Plc has announced a total dividend payout of N37.5 billion to shareholders following a remarkable financial performance in 2024.
At its 12th Annual General Meeting (AGM) held on Tuesday in Abuja, the company’s Chairman, Emmanuel Nnorom, revealed that shareholders will receive a total dividend of N5 per share—comprising an interim dividend of N1.50 paid in July 2024 and a proposed final dividend of N3.50 for shareholder approval.
“Despite a challenging macroeconomic environment, Transcorp Power has remained resilient and committed to delivering value to our shareholders,” Nnorom stated during the presentation of the company’s 2024 Annual Financial Statements.