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

…Vows to marque Africa self-sufficient successful cement and clinker

By Udeme Akpan

Dangote Cement Plc has paid much than N3.3 trillion successful dividends to its shareholders implicit the past 15 years, alongside important superior appreciation of its stock.

The disclosure was made connected Wednesday during the company’s “Facts Behind the Figures” presumption astatine the Nigerian Exchange, led by its caller Chairman, Mr. Emmanuel Ikazoboh, who precocious succeeded Aliko Dangote.

Ikazoboh thanked shareholders for their enactment and assured them of continued beardown returns. He reaffirmed the company’s committedness to transforming Africa by making the continent self-sufficient successful cement and clinker production.

“To our investors, you person my unwavering committedness to safeguarding and increasing your investment. To regulators and marketplace operators, I pledge continued concern and adherence to governance standards. To our employees and partners, I connection gratitude and assurance that our corporate spot volition thrust america to greater achievements,” helium said.

Chief Executive, Arvind Pathak, outlined the company’s maturation plans, targeting an enlargement of installed capableness to 66.4Mta by 2030 done a premix of greenfield and brownfield projects.

He revealed that Dangote Cement had commissioned the archetypal signifier (1.5Mta) of its 3Mta Côte d’Ivoire plant, portion operation of the 6Mta integrated Itori Plant successful Ogun State was progressing steadily. The institution has besides committed $400 million to doubling its accumulation capableness successful Ethiopia.

“Over the past 15 years, Dangote Cement has invested much than $8.5 billion crossed Africa, underscoring our assurance successful the region’s semipermanent growth,” Pathak added.

Chairman of NGX Group, Alhaji (Dr.) Umaru Kwairanga, praised Aliko Dangote for his contributions to Nigeria’s superior marketplace and backstage assemblage development, noting that helium demonstrated however wealthiness could beryllium created and transferred to the nationalist done the superior market.

Group Managing Director of NGX Group, Temi Popoola, besides lauded the caller committee and expressed optimism that shareholders would beryllium pleased nether Ikazoboh’s leadership.

At its past Annual General Meeting (AGM) successful 2024, Dangote Cement shareholders approved a N502.6 cardinal dividend payout, translating to N30 per share.

The institution besides boosted its firm societal work (CSR) spending by astir 470 per cent to N3.2 billion, backing initiatives successful education, healthcare, agriculture, infrastructure, and economical empowerment.

Shareholders’ groups praised the company’s resilience. President of the Association for the Advancement of Rights of Nigerian Shareholders, Faruk Umar, described the robust dividend contempt economical challenges arsenic a testament to management’s tenacity.

Similarly, Chairperson of the Pragmatic Shareholders Association of Nigeria, Bisi Bakare, commended the company’s consistency.

“For the institution to state N30 per stock dividend contempt net not being up to that level speaks volumes astir its leadership. Dangote Cement remains the lone manufacturing institution that paid the highest dividend successful 2024, and we are arrogant to beryllium portion of it,” she said.

The station Dangote cement pays implicit N3.3 trillion successful dividends to shareholders successful 15 years appeared archetypal connected Vanguard News.