Kenya Power shareholders could receive a total dividend of Ksh1.50 per ordinary share for the financial year ended June 30, 2026, following a recommendation by the company's Board of Directors to approve a final payout of Ksh1.20.
In its 2026 annual report and financial statements, the electricity distributor said the proposed final dividend would be paid on or about December 31, 2026, subject to approval by shareholders at the upcoming Annual General Meeting (AGM).
The proposed Ksh1.20 payment will be added to an interim dividend of Ksh0.30 per ordinary share, which Kenya Power paid on March 27, 2026.
The company has consequently asked shareholders to approve the additional payment during its 105th AGM scheduled for Friday, November 27, 2026, at 11am.
In the notice convening the meeting, the company listed the final dividend approval among the resolutions shareholders will consider.
"To approve a final dividend of Shs.1.20 per ordinary share for the Financial Year ended 30th June 2026, payable net of withholding tax as recommended by the Directors," the notice stated.
The proposed payment marks another dividend distribution following the company's return to rewarding shareholders after several years without regular payouts.
According to the chairman's statement, Kenya Power resumed dividend payments in the financial year ended June 2024, following improvements in its business performance.
"Owing to improved business performance, the Company resumed dividend payment in the year ended 30th June 2024 and has since progressively increased the dividend per share," the statement read.
The chairman further noted that the Board was seeking shareholders' approval for the interim dividend of Ksh0.30, which had already been paid in March.
The proposed Ksh1.20 final dividend would bring the total distribution for the 2025/2026 financial year to Ksh1.50 per share before withholding tax.
The announcement comes after Kenya Power recorded an increase in its annual revenue and profitability, supported by growing electricity sales and an expanding customer base.
The company's revenue rose to Ksh238.24 billion in the year ended June 2026, compared to Ksh219.29 billion recorded in the previous financial year.
Profit after tax increased to Ksh24.99 billion from Ksh24.47 billion, while profit before tax stood at Ksh36.01 billion.
The improved financial performance also coincided with a significant increase in the company's share price during the reporting period. According to the chairman's statement, Kenya Power's share price increased from Ksh11.50 in June 2025 to Ksh17.15 in June 2026, representing a 49.13 per cent rise.
Shareholders will also receive updates on the company's financial performance and other governance matters during the November meeting.
However, the final dividend remains subject to shareholder approval, meaning the proposed December payment is not yet guaranteed.
If approved, shareholders will receive the final dividend net of applicable withholding tax, with payment expected on or about December 31, 2026.
