Kiharu MP Ndindi Nyoro is set to cash in big as Kenya Power and Lighting Company (KPLC) delivers a major windfall to shareholders. The utility giant recently announced a robust half-year performance, posting a net profit of KSh 10.4 billion—a solid 4.3% increase—fueled by surging electricity demand, improved efficiency, and lower finance costs.
To reward investors, KPLC’s board declared an interim dividend of KSh 0.30 per share —a generous 50% hike from the KSh 0.20 paid in the prior period. This marks another step in the company’s turnaround, with payouts resuming strongly after years of challenges.
Ndindi Nyoro, one of KPLC’s largest individual shareholders, stands among the top beneficiaries. Reports highlight him leading thousands of retail investors poised for significant gains from the higher dividend and the firm’s improving fortunes. His substantial stake positions him to pocket a hefty sum from this latest payout, with some estimates suggesting millions in dividend income alone for major holders like him.
The dividend is payable on or about March 27, 2026, to shareholders on record by February 23, 2026. Electricity sales jumped 10.5% to over 6,000 GWh in the half-year to December 2025, while distribution efficiency rose to 78%, underscoring KPLC’s operational momentum.
This comes amid KPLC’s broader recovery story: the company has steadily boosted dividends in recent years, signaling confidence in sustained profitability. Board Chair Joy Masinde has previously assured investors that such payouts are “not a one-off,” promising more value ahead.
For Nyoro and fellow shareholders, it’s literally money in the bank—turning KPLC shares into a reliable cash machine once again.
As Kenya’s power sector stabilizes, eyes remain on whether this momentum will drive even bigger rewards in future declarations. Stay tuned for more updates on this electrifying investment story.
