Kenya Electricity Generating Company (KenGen) has announced a dividend payout of Ksh.4.3 billion to its shareholders, following a remarkable financial performance for the year ending June 30, 2024. The company reported a profit after tax of Ksh.6.8 billion, driven by increased power generation, revenue diversification strategies, and improved operational efficiencies.
As the largest shareholder, the Government of Kenya has received Ksh.3 billion from the payout, marking a significant 117 percent per-share increase compared to the previous financial year.
KenGen’s stellar performance underscores its critical role in Kenya’s energy sector, with the company leveraging its geothermal, hydro, and wind power assets to enhance electricity supply. The firm has also pursued innovative revenue streams, including selling carbon credits and expanding its geothermal drilling services regionally.
The dividend announcement is expected to boost investor confidence in KenGen, whose shares are publicly traded on the Nairobi Securities Exchange (NSE). Analysts view the increased payout as a sign of the company’s financial resilience and commitment to rewarding shareholders.
KenGen’s leadership attributed the strong financial results to strategic investments in renewable energy and operational improvements that have enhanced efficiency and reliability in power generation. The company continues to focus on expanding its green energy footprint in line with Kenya’s push for sustainable energy solutions.
With this latest dividend declaration, KenGen reaffirms its position as a key player in the region’s energy sector while reinforcing investor trust through consistent returns.