Geregu Power to Pay Record N22.5 Billion Dividend to Shareholders
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Nigerian power generation company Geregu Power Plc has announced a major cash payout to its shareholders.
The company plans to distribute a total of N22.5 billion. This amount is a 5.9% increase over its dividend payment for the 2024 financial year.
A dividend is a portion of a company's profits paid to people who own its stock.
The announcement signals strong financial performance from the power firm. It also represents a direct transfer of value to its investors.
The final decision rests with shareholders. They will vote on the proposed dividend at the company's next annual meeting.