TTNGL Declares Special Interim Dividend, Injecting TT$154.8 Million into the Economy
On the 9 April 2026, the Board of Directors (“the Board”) of Trinidad and Tobago NGL Limited (“TTNGL”/”Company”) declared a special interim dividend of TT$1.00 per share, to be paid to its Shareholders on 13 May 2026.
This marks the first dividend payment by TTNGL in almost four (4) years and is a deliberate effort by the current Board to deliver long-awaited returns to over 11,400 Shareholders. This dividend distribution will result in a direct injection of TT$154.8 million into the national economy.
The payment of this dividend follows Shareholders’ approval of a special resolution proposed by the Board seeking a reduction of the stated capital account for all classes of shares, in the amount of TT$2.2 billion at the Company’s 10th Annual General Meeting held on 5 March 2026. This approval enabled TTNGL to satisfy the solvency test as prescribed under Section 54 of the Companies Act, Chap. 81:01, thereby enabling the Company to declare and pay a dividend pursuant to Section 55 of the Companies Act.
It is regrettable that this course of action was not pursued by the previous Board to bring relief to the thousands of shareholders who have been left without any return on their investment for the past four years. Apart from the citizen investor, this dividend will benefit several important institutions in our country, namely, The National Gas Company of Trinidad and Tobago Limited, National Enterprises Limited, The National Insurance Board of Trinidad and Tobago, The Unit Trust Corporation and Republic Bank Limited.
In making this decision, the Board carefully considered the Company’s mandate to deliver Shareholder value, as well as the prudent utilisation of its accumulated cash reserves. The Board remains committed to ensuring that TTNGL’s capital structure supports sustainable and meaningful returns to its Shareholders.
In accordance with the Company’s By-Laws, the Board intends to provide Shareholders with the option to receive their dividend payments in either Trinidad and Tobago Dollars
or United States Dollars, subject to applicable regulatory requirements. Further, details on this initiative, including the required process, will be communicated to Shareholders in due course.