Geregu Power Plc has announced a final dividend of N8.50 per ordinary share for the period ending December 31, 2024, an increase from the N8.00 per share paid to registered shareholders the previous year.
This announcement was detailed in a corporate action issued by the company and received by Naijaonpoint.
The final dividend will be available to shareholders listed in the company’s register of members as of the close of business on 13 March 2025.
Following this date, Geregu will close its shareholder register on 14 March 2025, with payments scheduled for 28 March 2025.
Shareholders who have not yet completed the e-dividend registration process were encouraged to do so, as dividends will be paid electronically into their bank accounts.
Geregu Power recently published its financial results for 2024, reporting a pre-tax profit of N41.2 billion, which is up 69% from N23.4 billion the previous year.
Even though costs went up significantly, with the cost of sales rising by 84.85% to N74.3 billion, Geregu still managed a gross profit of N62.7 billion, a 47.04% increase from last year.
The company’s total assets grew by 33.74% to N234.4 billion, up from N182 billion.
As of 12 March 2025, Geregu Power’s shares are trading above N1,000, currently priced at N1,035 under the ticker symbol GERGU.