Yield hungry investors are flocking to the stock of TotalEnergies because it is the best dividend paying stocks among the downstream players.
At the board of directors meeting of 28th March 2025, final dividend of ₦40.00 was proposed for the year ended 31st December 2024 up 60% from N25 in 2023.
The company maintains strong cash flows and reserves, which could drive dividend payouts in the future.
Total Energies cash flow from operating activities stood at N15.58 billion as at December 2024, while net cash flow from operating activities has hit N10.05 billion, from a deficit of (N73.26 million) the previous year.
It has a dividend yield of 3.33 percent, which is higher than MRS’ 1.35 percent and Conoil, 1.06 percent.
TotalEnergies Marketing Nigeria Plc became the first downstream oil and gas firm whose revenue crossed the N1 trillion mark, as the company is the cream of the crop.
Of course, downstream players have seen their earnings surge on the back of full deregulation following the removal of the fuel subsidy, which enabled market-driven pricing.
TotalEnergies, which has a robust cash flow and strong balance sheet, took advantage of the bold reforms of the current administration to galvanize its earnings and deliver higher returns to shareholders.
TotalEnergies recorded sales of N1.04 trillion as at December 2024.
That compares with Etena Oil’s N313.61 billion; MRS Oil, N312.53 billion, and Conoil, N74 billion, according to data gathered by MoneyCentral.
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