Prime Minister Kamla Persad-Bissessar SC has announced that Trinidad and Tobago NGL Limited (TTNGL) shareholders will receive a special interim dividend.
The payment, totalling TT$154.8 million, follows an annual report from the company highlighting a significant increase in share price, a move that boosts value for local investors.
“The share price has increased by 300%. What does this percentage mean in terms of real numbers? It means an increase in value to the shareholders of almost $1 billion in TTNGL. Under the former PNM government, as I said, 89% decreased. We are talking about a 300% increase. I am very pleased to announce that this windfall, this gain, this benefit will accrue to the shareholders of TTNGL.”
The Prime Minister announced that the company’s 11,500 shareholders will be paid on May 13th, 2026, making it the first dividend payment by TTNGL in almost four years.
“This is the first dividend payment by TTNGL in almost four years. The dividend distribution resulted in a direct injection, as I said, of TT$154.8 million into the national economy. The mandate of the current board was to make every effort to provide relief to the 11,500 shareholders, and today they have delivered.”
The Prime Minister reassured shareholders that the dividends will be paid in US dollars as drafted in TTNGL’s policy.
“That is the policy of the company and we will abide by the policy of the company. The former Finance Minister failed and refused to abide by that policy. The former, former Finance Minister and then the successor also failed to abide with these policy guidelines. The shareholders invested in a company that does business in United States dollars. They invested in a company and expected return on investment to be in United States dollars. Today we will fulfill what the mandate was.”
The Prime Minister was speaking during the sitting of the House of Representatives on Friday.