Nigeria, April 10 -- Transcorp Corporation is doling out two times the dividend it paid out for 2024 as compensation package for shareholders for the 2025 financial year during which net profit climbed by 44.4 per cent to a record.

The Lagos-listed conglomerate, parent to power-generating company Transcorp Power and hospitality provider Transcorp Hotels, has proposed a final dividend of N1.60 per share for last year, having paid N0.40 earlier as an interim dividend, it said in a note on Thursday.

The total N2 per share on the cards for 2025 compares with the N1 it paid the year before, implying that a combined N20.3 billion is up for distribution should the plan receive shareholders' consent at the forthcoming annual general meeting.

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