Transcorp Power to Pay ₦1.50 Interim Dividend to Shareholders

Transcorp Power Plc has approved the distribution of ₦1.50 per ordinary share as an interim dividend for the six-month period that ended on June 30, 2026. The company's board of directors signed off on both the half-year financial results and the dividend proposal at a meeting held on July 17, 2026, according to a corporate filing made with the Nigerian Exchange Limited.

Shareholders who held shares in their names as of the close of trading on Monday, July 20, 2026, are eligible to receive the payment. The company will close its share register from July 21 through July 22, 2026, to process the dividend distribution.

Eligible shareholders will receive their funds electronically beginning July 23, 2026, subject to the applicable withholding tax obligation. The interim dividend announcement comes as several listed companies on the Nigerian stock market have released interim distributions for the first half of 2026.

During the same period, Africa Prudential Plc distributed 10 kobo per share, while Unilever Nigeria declared a higher interim dividend of ₦2.00 per share, both also due for payment in late July. Transcorp Power operates as a major player in Nigeria's power sector, and dividend distributions typically signal operational performance during the reporting period.

The company's board approval of the quarterly financial statements alongside the dividend proposal indicates completion of the interim review process ahead of the full-year results expected later in 2026.