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Trinidad and Tobago NGL Ltd (TTNGL) has declared a special interim dividend of $1.00 per share, ending a near four-year drought for more than 11,400 shareholders and triggering a $154.8 million cash injection into the domestic economy.
In a news release yesterday, the company said the payout, approved by its board last Thursday, will be made on May 13 and represents the first tangible return to investors since 2022.
That move follows shareholder approval of a special resolution at the company’s tenth Annual General Meeting on March 5 to reduce its stated capital by $2.2 billion.
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