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Kenya Power delights investors with a 50% increase in interim dividends to Sh0.30, signaling a financial turnaround driven by higher tariffs and consumption.

Kenya Power has illuminated the Nairobi Securities Exchange with a surprise financial windfall, declaring a 50 percent jump in its interim dividend amidst a robust profit recovery.
The utility giant, often beleaguered by operational inefficiencies and public criticism, has delivered a rare piece of unadulterated good news to its investors. The board has approved an interim payout of Sh0.30 per share for the half-year ending December 2025, a significant leap from previous periods. This surge is not just about numbers; it is a signal of returning confidence in the monopoly's ability to turn electricity sales into shareholder value after years of erratic performance.
The financial results underpinning this payout reveal a company that is slowly clawing its way back to health. Driven by increased electricity consumption and a controversial but effective tariff review, Kenya Power’s bottom line has swelled, allowing it to reward its owners—including the government, which holds a controlling stake. The 50 percent hike is a deliberate strategy to court investors and stabilize the stock price, which has languished in recent years due to fears over debt and mismanagement.
"The company continued to enhance payouts to shareholders amid profit growth," a brief statement noted, underscoring a new discipline in capital allocation. For the retail investor who has held onto KPLC shares through the dark days of profit warnings, this dividend is a long-awaited ray of light.
However, analysts warn that the celebration should be tempered with caution. The utility still faces systemic challenges, including an aging transmission network that causes frequent blackouts and significant power losses. The payout, while generous, comes at a time when the company needs billions in capital expenditure to upgrade the grid. Critics argue that distributing cash now might be short-sighted when the infrastructure is crumbling.
Nevertheless, for today, the bulls are in charge at the NSE. Kenya Power has proven that it can still generate cash, and more importantly, it is willing to share it. The challenge now is to keep the lights on—both in Kenyan homes and on the company's balance sheet.
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