Dangote Cement pays over N3.3 trillion in dividends to shareholders in 15 years

…Vows to rework Africa by making it self-sufficient in cement, clinker

Shareholders of Dangote Cement Plc have obtained over N3.3 billion in dividends during the last 15 years. Except for this spectacular dividend payout, the shareholders have additionally considerably benefited from the capital appreciation of the cement inventory.

The advantages to the shareholders had been disclosed on the ground of the Nigerian Alternate on Wednesday, throughout the “Details Behind the Determine” presentation, by the Administration and Board of Dangote Cement, which was ably led by the brand new Chairman, Mr. Emmanuel Ikazoboh.

Ikazobor, who simply assumed the place of the chairman from Aliko Dangote, thanked the shareholders for standing by the corporate, whereas additionally assuring them of constant good returns on their investments.

He mentioned Dangote Cement stays resolute in reworking Africa by creating sustainable worth for all its stakeholders, as it’s going to do all to realize its imaginative and prescient of constructing Africa self-sufficient in cement and clinker.

He mentioned: “To our traders, you have got my unwavering dedication to safeguarding and rising your funding. To our regulators and market operators, you have got my pledge of continued partnership and adherence to governance requirements that lead quite than observe. To our workers and companions, you have got my gratitude and my assurance that our collective power will propel us to achievements we haven’t but imagined.”

Talking additional on the way forward for the corporate, the Chief Government, Arvind Pathak, mentioned: “We intention to broaden put in capability to 66.4Mta by 2030, supporting our long-term imaginative and prescient of constructing Africa self-sufficient in cement and clinker manufacturing. This progress can be pushed by a mixture of greenfield and brownfield initiatives.”

He revealed that the corporate has commissioned the primary section (1.5Mta) of its 3Mta Côte d’Ivoire plant, whereas building of the 6Mta built-in Itori Plant continues to advance steadily. As well as, the corporate, in line with him, has introduced a $400 million funding to double its manufacturing capability in Ethiopia.

He mentioned: “Over the previous 15 years, DCP has dedicated greater than $8.5 billion in capital investments throughout Africa, underscoring our long-term confidence within the area’s progress prospects.”

The Group Chairman of Nigerian Alternate Group (NGX Group), Alhaji (Dr.) Umaru Kwairanga praised the President/Chief Government, Dangote Group, Aliko Dangote, for his substantial contributions to the Nigerian capital market and personal sector growth. He mentioned the previous Chairman of Dangote Cement, who can be his mentor, has clearly proven that wealth might be created but additionally transferred to the general public via the capital market.

Group Managing Director and Chief Government of the Nigerian Alternate Group, Temi Popoola, additionally lauded the brand new Administration and Board of Dangote Cement, noting that with Mr. Ikazoboh because the Chairman, the shareholders will certainly be joyful.

It could be recalled that the shareholders of the corporate, in its final Annual Normal Assembly (AGM), for the 12 months 2024, had been stuffed with reward for the Board, Administration, and workers of the corporate after approving a dividend payout of N502.6 billion, which translated to N30 kobo per share.

The corporate, in the identical vein, additionally considerably elevated its social investments by 469.8 per cent to N3.2 billion. The company social duty (CSR) actions had been in training, healthcare, agriculture, infrastructure, and financial empowerment.

President of the Affiliation for the Development of Rights of Nigerian Shareholders (AARNS), Faruk Umar, mentioned the shareholders had been happy with Aliko Dangote and his group. He mentioned that for the corporate to nonetheless pay a strong dividend regardless of the apparent financial challenges, which additionally affected their operations, reveals the doggedness and preventing entrepreneurial spirit of the Administration.

In response to him, “We’re proud of this consequence. 2024 was very difficult because of the fluctuations within the international alternate market and the corporate’s enlargement programme. However regardless of all these challenges, the corporate was nonetheless capable of pay us an excellent dividend and even gave us hope of higher returns on our investments within the years to come back. That is very commendable, and it’s only an organization like Dangote Cement that may obtain this laudable feat.”

Chairperson of the Pragmatic Shareholders Affiliation of Nigeria, Bisi Bakare, additionally recommended the corporate’s constant dividend fee, noting that the Firm is transferring in one of the simplest ways of company governance. “As a shareholder and an energetic investor of this firm, I’m very joyful and happy with the efficiency of our firm to date. The earnings aren’t even as much as N30 per share, and for the corporate to nonetheless declare N30 per share dividend speaks volumes of the standard of management that we’re fortunate to have in Dangote Cement…It also needs to be famous that Dangote Cement is the one manufacturing firm that paid the best dividend within the 12 months beneath overview. So, we’re joyful and really proud to be a part of this firm.”