TOTALENERGIES BOOSTS DIVIDEND PAYOUT TO N13.58 BILLION FOR 2024 FINANCIAL YEAR
GREATRIBUNETVNEWS–TotalEnergies Marketing Nigeria Plc has declared a total dividend payout of N13.58 billion for the 2024 financial year, marking a significant 60% increase from the previous year’s N25 per share to N40 per share. This move comes after the company’s 47th Annual General Meeting in Lagos, where shareholders also urged the board to consider issuing bonus shares, citing the company’s robust financial performance and consistent profitability
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Key Highlights:
– Dividend Payout:N13.58 billion for the 2024 financial year
– Percentage Increase:60% from the previous year
– Dividend per Share:N40, up from N25
– Revenue Growth:64% increase to N1.04 trillion
– Profit Before Tax:140% rise to N42.25 billion
Shareholders also requested a return to interim dividend payments, particularly during festive periods, to support low-income investors. The company’s chairman, Jean-Philippe Torres, reaffirmed TotalEnergies’ commitment to balancing profit distribution and reinvestment, allocating 50% of profit before tax to shareholders
