KenGen Raises Dividend as Shareholders Endorse Bold Growth Plan at 73rd AGM
Kenya Electricity Generating Company PLC (KenGen) has increased its dividend payout after posting strong financial results for the year ended June 30, 2025, signaling renewed momentum in its long-term growth and clean-energy strategy. At the company’s 73rd Annual General Meeting held in Nairobi on Thursday, shareholders approved a first and final dividend of Ksh.0.90 per share, up from Ksh.0.65 last year. The 38% increase follows a robust financial performance marked by a 54% rise in profit after tax to Ksh.10.48 billion, driven by tighter cost controls, expanded income streams and a favourable foreign exchange environment. KenGen Chairman Hon. Alfred Agoi said the higher dividend reflects the company’s strong fundamentals and its commitment to delivering value in the long term. “This dividend uplift is not only a reflection of strong financial results but a reaffirmation of KenGen’s commitment to delivering value to shareholders,” Hon. Agoi said. “We are optimizing efficie...