Geregu Power Plc has disclosed a final dividend of N8.50 per ordinary share for its shareholders, subject to appropriate withholding tax.
According to the company’s statement, the dividend will be paid to shareholders listed in its register of members as of the close of business on March 13, 2025.
The shareholder register will be closed on March 14, 2025, while dividend payments are scheduled for March 28, 2025.
Geregu Power has urged shareholders who have yet to complete their e-registration process to do so to ensure they receive their payments promptly.
The dividend declaration comes on the back of a commendable financial performance in 2024, with the company posting a post-tax profit of N27.4 billion, a 71% increase from the N16.0 billion recorded in 2023. Revenue also surged by 65.3% to N137.1 billion, compared to N82.9 billion in the previous year.
As one of Nigeria’s leading power generation companies, Geregu Power has consistently delivered profits for five consecutive years.
The N8.50 per share dividend is an increase from the N8.00 per share paid in 2023, reiterating the company’s focus on delivering value to its stakeholders.
The company also noted that unclaimed dividends are being held by its registrar, Meristem Registrars and Probate Services Limited, for shareholders who are yet to mandate their share accounts.
