Reporting by The Nation indicates that shareholders of Transcorp Hotels Plc have approved a total dividend payout of N13.32 billion following a stellar financial performance. The decision was reached during the company’s Annual General Meeting (AGM) held on Friday, where the board highlighted the brand’s resilience and expansion into new markets.
The hotel giant continues to lead the hospitality sector’s recovery. ThisDay Live confirmed the approval, with a shareholder leader stating, “The N13.3 billion payout is a testament to disciplined governance in a tough economy.” BusinessDay further noted that the company’s stock remains a “buy” for most analysts, quoting an investment banker who said, “Transcorp has successfully decoupled its growth from the general market lethargy.”
Echotitbits take: Transcorp’s ability to deliver such high returns suggests that the luxury hospitality sector is booming despite broader economic headwinds. This reflects a “K-shaped” recovery where the wealthy continue to spend, driving premium brand profits.
Source: ThisDayLive – https://www.thisdaylive.com/2026/02/27/shareholders-of-transcorp-hotels-approve-n13bn-dividend/, February 28, 2026
Photo credit: ThisDayLive
