Nigeria’s leading indigenous power-generating company, Geregu Power Plc, has disclosed that it will pay N9 dividend for the 2026 Financial year on April 30th, 2026.
This was made known to newsmen on Tuesday, January 20, 2026, in a corporate communications disclosure signed by Gbeminiyi Shoda, the Company’s Secretary, and filed with the Nigerian Exchange Group (NGX).
According to the notice, a final dividend of N9.00 per ordinary share, subject to appropriate withholding tax and approval, will be paid to shareholders whose names appear in the Register of Members as at the close of business on the 14th April, 2026.
The register of shareholders will be closed from 14th April, 2026. The dividend qualification date is 13th April, 2026, while the payment date is 30th April, 2026, which is subject to the approval of the company’s shareholders during the group’s Annual General Meeting, which will be held on the same day, on 30th April 2026.
The notice further added that the shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the Company’s Registrar, Meristem Registrars and Probate Services Limited.
What You Should Know
The AGM will be the first AGM that the company will hold since the group’s former majority shareholder, Femi Otedola, divested his investment portfolio with the GENCO company and sold it to MA’AM Energy Limited in a deal worth $750 million.
The group’s Board of Directors is currently led by Senator Abdulaziz Yari alongside his Board members.
Financial Impact: The N9.00 dividend payout represents a total cash distribution of N22.5 billion, underscoring the company’s commitment to delivering consistent value to its investors despite the capital-intensive nature of the power sector and the power sector’s murky waters challenges.
This has shown that despite the leadership change, the power has continued to scale in its operations, and the resultant effect is the investment rewards that the group’s investors are reaping.
Operational Milestone: The upcoming AGM serves as an opportunity for the new leadership to outline their long-term strategic vision for the company following the significant transition in ownership to MA’AM Energy Limited.
The company’s shareholders will anticipate participating in the AGM and interacting with the company’s new leaders on the gray areas that they might have.
Shareholder Compliance: Investors are encouraged to prioritize the e-dividend mandate to ensure that they receive their payment directly to their bank accounts.
