Geregu Power Plc’s board of directors has announced a proposed dividend of N8 per share for the 2023 financial year. The power company, in its annual report submitted to the Nigerian Exchange Limited, disclosed that shareholders recorded as of January 29 will receive a total payout of N20 billion.
With 2.50 billion units of shares in circulation, the proposed dividend reflects the company’s commitment to rewarding its shareholders for their investments. The approval of the Audited Financial Statements and Accounts for 2023 by Geregu’s board of directors reaffirms its commitment to financial transparency and accountability.
The proposed dividend payout is contingent upon shareholders’ approval at the forthcoming annual general meeting. Geregu Power Plc’s inclusion in the league of companies valued at N1 trillion on the local bourse in January attests to its resilience and performance amidst market fluctuations and economic uncertainties.