Dangote Cement Shareholders Receive N3.3trn Dividend Payment In 15 Years

Shareholders of Dangote Cement Plc person received implicit N3.3 cardinal successful dividends implicit the past 15 years.

In summation to this awesome dividend payout, the shareholders person besides importantly benefited from the cement stock’s superior appreciation.

The recently appointed president of Dangote Cement Plc, Emmanuel Ikazoboh, stated this astatine the Company’s combined Closing Gong Ceremony and Facts down the Figures presumption held yesterday connected the Nigerian Exchange Limited.

Ikazobor, who conscionable assumed the chairmanship from Aliko Dangote, thanked the shareholders for lasting by the institution and assured them of accordant bully returns connected their investments.

He said Dangote Cement remains resolute successful transforming Africa by creating sustainable worth for each its stakeholders. It volition bash each it tin to execute its imaginativeness of making Africa self-sufficient successful cement and clinker.

Speaking further connected the company’s future, the main enforcement of Dangote Cement, Arvind Pathak, said, “We purpose to grow installed capableness to 66.4Mta by 2030, supporting our semipermanent imaginativeness of making Africa self-sufficient successful cement and clinker production. A premix of greenfield and brownfield projects volition thrust this growth.”

He revealed that the institution has commissioned the archetypal signifier (1.5Mta) of its 3Mta Côte d’Ivoire plant, portion operation of the 6Mta integrated Itori Plant continues to beforehand steadily. In addition, the company, according to him, has announced a $400 cardinal concern to treble its accumulation capableness successful Ethiopia.

He said, “Over the past 15 years, DCP has committed much than $8.5 cardinal successful superior investments crossed Africa, underscoring our semipermanent assurance successful the region’s maturation prospects.”

The radical president of Nigerian Exchange Group (NGX Group), Alhaji Umaru Kwairanga, praised Aliko Dangote, the president/chief enforcement of Dangote Group, for his important contributions to the Nigerian superior marketplace and backstage assemblage development.

He said the erstwhile president of Dangote Cement, who is besides his mentor, has intelligibly shown that wealthiness tin beryllium created but besides transferred to the nationalist done the superior market.

The radical managing manager and main enforcement of the Nigerian Exchange Group, Temi Popoola, besides lauded the caller absorption and committee of Dangote Cement, noting that with Ikazoboh arsenic the chairman, the shareholders would surely beryllium happy.

The main enforcement serviceman of NGX, Jude Chiemeka, added that the Facts Behind the Figures bid was designed to heighten marketplace transparency and amended capitalist understanding.

“Engagements specified arsenic this show the worth of accordant disclosure and accountability. They besides reaffirm NGX’s relation arsenic the marketplace for driving concern maturation and capitalist confidence,” Chiemeka added.

Recall that the company’s shareholders, successful its past Annual General Meeting (AGM) for the twelvemonth 2024, were afloat of praise for the Board, Management, and unit aft approving a dividend payout of N502.6 billion, which translated to N30 kobo per share.

The company, successful the aforesaid vein, besides importantly accrued its societal investments by 469.8 per cent to N3.2 billion. The firm societal work (CSR) activities were successful education, healthcare, agriculture, infrastructure, and economical empowerment.