Transcorp Energy declares N3.50 dividend

Transcorp Energy Plc has introduced a last dividend of N3.50 per share for the monetary 12 months 2024, reflecting its sturdy efficiency throughout the interval.

Based on the company motion calendar for upcoming dividend funds, the qualification date for shareholders entitled to the dividend is February 11, 2025, whereas the register will shut between February 12 and February 19, 2025.

The facility-generating agency, a subsidiary of Transcorp Plc, has scheduled its Annual Common Assembly for February 25, 2025, the place shareholders are anticipated to approve the dividend payout. The dividend can be paid on March 11, 2025, to shareholders who’ve accomplished their e-dividend registration.

In its newest audited outcomes, Transcorp Energy reported a 115 per cent improve in income and 165 per cent development in revenue after tax, demonstrating sturdy operational management and strategic execution.

Particularly, its income development elevated by 115 per cent, from N142.1bn recorded on the finish of the 2023 monetary 12 months to N305.9bn in 2024.

The report confirmed that gross revenue additionally rose by 89 per cent from N75.4bn in 2023 to N142.2bn.

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