Kiharu Member of Parliament Ndindi Nyoro is set to receive about Sh32.3 million in dividends from Kenya Power after the utility raised its full-year payout by 50 percent for the year ended June 2026.
According to Business Daily on 21 September 2026, Nyoro is the top individual investor in the listed electricity distributor, with a 1.1 percent stake equal to 21.5 million shares.
At a total dividend of Sh1.50 per share, that holding works out to roughly Sh32.25 million, reported as Sh32.3 million.
Dividend Breakdown
Mobile: Swipe left / right to see all columns → ←
| Item | Amount |
|---|---|
| Interim dividend | Sh0.30 per share |
| Final dividend (proposed) | Sh1.20 per share |
| Total FY2026 dividend | Sh1.50 per share |
| Previous year total | Sh1.00 per share |
| Increase | 50% |
| Nyoro shares (reported) | 21.5 million (1.1%) |
| Nyoro dividend (approx.) | Sh32.3 million |
← Swipe table left and right on mobile →
Kenya Power’s board recommended a final dividend of Sh1.20 per ordinary share on top of the Sh0.30 interim already paid. Combined, the full-year distribution is Sh1.50, up from Sh1.00 in the prior year.
The final portion still needs shareholder approval at the company’s annual general meeting before it is paid.
Company Results Behind the Payout
The higher dividend follows a third consecutive profitable year for the utility.
Kenya Power reported profit after tax of about Sh24.99 billion for the year ended 30 June 2026, up roughly 2.1 percent from about Sh24.47 billion the year before. Company and media releases put the increase at about Sh522 million, or 2.13 percent.
Total revenue reached about Sh238.24 billion, supported by higher electricity sales. Sales volume rose about 12 percent to 12,777 GWh, and the firm connected more than 411,000 new customers during the year.
Finance costs fell sharply, down about 35 percent to roughly Sh3.08 billion, as outstanding loan balances declined. Working capital also flipped into positive territory after a deep negative position a year earlier.
Management has pointed to operational efficiency, customer growth and lower financing costs as the main drivers. Distribution and transmission efficiency was also reported higher year on year.
Treasury’s Share of the Payout
The National Treasury remains the majority shareholder, with about 50.09 percent of Kenya Power.
On a total distribution in the region of Sh2.93 billion for the year, that stake equates to a government payout of about Sh1.46 billion, as reported alongside the Nyoro figures.
Retail and institutional investors share the balance. Nyoro’s position as the largest individual holder makes him the most visible private beneficiary in this round of coverage, but thousands of smaller shareholders also receive the same Sh1.50 per share rate.
Why Nyoro’s Stake Matters
Nyoro has for years been identified as Kenya Power’s biggest individual shareholder. Earlier filings and media reports tracked his stake as he bought into the recovery story when the stock and the company’s balance sheet were under pressure.
Share counts can move when investors buy or sell. The Business Daily report used for this story puts his current holding at 21.5 million shares, or 1.1 percent. Older pieces from early 2026 cited different share totals around interim dividend season, so readers should treat 21.5 million as the figure attached to this full-year calculation, not a permanent lock.
At Sh1.50 a share, every one million shares yields Sh1.5 million in dividends for the year. Scale is what turns a modest per-share number into tens of millions for a large holder.
What Investors Should Note
- The Sh1.20 final dividend is proposed, not yet paid, until the AGM approves it.
- Dividends are separate from share-price gains or losses on the NSE.
- Withholding tax rules for dividends apply as under Kenyan law; net cash received can be lower than the gross headline.
- Past dividend growth does not guarantee the same payout next year.
Kenya Power only resumed meaningful dividends in recent years after a long dry spell and a return to profit. FY2024 marked a restart after multi-year losses; FY2025 paid Sh1.00; FY2026 steps up to Sh1.50.
Read also:10 Richest Kenyan MPs 2026: Net Worth Ranked
Bottom Line
Ndindi Nyoro stands to collect about Sh32.3 million from Kenya Power’s 50 percent higher full-year dividend after the utility set total FY2026 payout at Sh1.50 per share. His reported 21.5 million shares make him the largest individual investor, while the National Treasury, with majority control, is due about Sh1.46 billion on the same distribution.
The hike comes with only modest profit growth, funded by stronger electricity sales, more customers and lower finance costs. The final Sh1.20 still needs AGM approval. For other shareholders, the same per-share rate applies; only the size of the holding changes the cheque.
Sources:
Business Daily – Nyoro gets Sh32m after Kenya Power 50pc dividend increase (21 September 2026);
People Daily – Kenya Power posts Ksh24.99B profit (18 September 2026);
Kenya Power FY2026 results communications (profit after tax, revenue, dividend of KSh 1.50).