TNB logs nearly RM3 bln dividend, highest in four years

KUALA LUMPUR, May 22 — Tenaga Nasional Bhd (TNB) announced its highest dividend in four years at 51 sen per share, totalling over RM2.96 billion, while reaffirming its commitment to creating long-term value through sound financial management, operational strength, and community investments that benefit both shareholders and the nation.

According to a statement by TNB, the dividend payout aligned with TNB’s 60 per cent dividend policy and benefited millions of Malaysians, as over 60 per cent of its shares were held by major government-linked investment companies, including Permodalan Nasional Bhd, the Employees Provident Fund, Khazanah Nasional Bhd, Kumpulan Wang Persaraan, and Lembaga Tabung Haji.

In 2024, TNB contributed RM874.7 million in tax and zakat, and allocated RM140.9 million for contributions and sponsorships in education, sports, community development, and environmental initiatives.

TNB added that its strong performance had benefited from favourable macroeconomic conditions, including a strengthening ringgit and a 5.1 per cent national gross domestic product growth. It said its performance demonstrated eight years of consistently maintaining dividend payouts at the higher end of its 30-60 policy range.

Highlighting Malaysia’s record-high approved investments of RM378.5 billion in 2024, as reported by the Investment, Trade and Industry Ministry, TNB said this had translated into stronger industrial and commercial electricity demand.

In 2024, TNB invested RM11.2 billion in capital expenditure to accelerate grid modernisation and support the national energy transition, including key upgrades facilitating renewable energy integration and strengthening network resilience across Peninsular Malaysia.

TNB said the company maintained an 87 per cent Customer Satisfaction Index score through improved service quality, while its MSCI ESG rating upgrade to A demonstrated sustainability leadership through reduced emissions, improved water efficiency, and expanded renewable energy adoption — all of which strengthened investor confidence.

— Bernama