DANGOTE CEMENT DECLARES N45 PER SHARE DIVIDEND, TARGETS AFRICA EXPANSION
Read Time:2 Minute, 30 Second
By: Fasasi Hammad
Shareholders of Dangote Cement Plc have approved a final dividend of N45 per ordinary share for the 2025 financial year, resulting in a record total payout of N753.8 billion.
The approval was granted at the company’s 17th Annual General Meeting in Lagos, where management reiterated its commitment to expanding operations across Africa through increased investment in production capacity, cleaner energy solutions and operational efficiency.
Chairman of Dangote Cement, Emmanuel Ikazoboh, said the company remains focused on driving Africa’s industrial development by leveraging local resources and making strategic long-term investments aimed at fostering self-sustaining growth across the continent.
Speaking at the AGM, the National President of the Association for the Advancement of the Rights of Nigerian Shareholders, Dr. Faruk Umar, commended the company’s vision of promoting economic independence in Africa.
READ MORE…
According to him, Dangote Cement’s strategy is geared towards harnessing Africa’s resources to build local industries and reduce dependence on foreign investors. He noted that the 50 per cent increase in dividend reflects the success of strategic initiatives, particularly in export expansion and market penetration.
The company also disclosed plans to further enhance operational efficiency through investments in compressed natural gas (CNG)-powered trucks and alternative energy sources aimed at reducing transportation and energy costs.
Ikazoboh added that the company is increasing its use of alternative fuels by converting waste into energy for manufacturing operations, in line with its sustainability objectives.
Group Managing Director, Arvind Pathak, said the company’s strong performance was driven by deliberate investments in exports, logistics and operational efficiency.
He revealed that Dangote Cement plans to increase its production capacity from 55 million tonnes to 80 million tonnes by 2030 as part of the Dangote Group’s Vision 2030 strategy.
A shareholder and financial analyst, Mr. Nornah Awoh, praised the company’s prudent financial management, citing the deployment of 3,000 CNG trucks and a 50 per cent reduction in bank borrowings as major contributors to improved profitability.
Awoh also pointed to the company’s strong first-quarter performance and expressed optimism about future returns, noting that synergies with the Dangote Refinery could further reduce energy costs and enhance profitability.
He highlighted the company’s growing footprint across Africa, including expansion into Côte d’Ivoire and other markets, describing it as a key factor in sustaining long-term growth and profitability.
According to him, Dangote Cement’s profitability surpassing N1 trillion and its share price rising above N1,000 underscore the company’s strong financial position and growth prospects.
Awoh urged investors to focus on long-term value creation rather than short-term dividend gains, stressing that sustainable expansion and operational strength are critical indicators of a company’s future viability.
He added that plans to add 25 million tonnes to production capacity reinforce confidence in the company’s ability to generate lasting value for shareholders and maintain its growth trajectory in the years ahead.
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
0
0