Shareholders of Dangote Cement Plc have received more than N3.3 trillion in dividends over the past fifteen years. This significant payout was announced during the company’s “Facts Behind the Figures” presentation at the Nigerian Exchange in Lagos on Wednesday.
In addition to dividends, investors have also benefited from substantial capital appreciation of the company’s stock over the years.
The new Chairman of Dangote Cement, Mr. Emmanuel Ikazoboh, who recently took over from Aliko Dangote, thanked shareholders for their continued support and assured them of the company’s commitment to delivering consistent returns.
“To our investors, you have my unwavering commitment to safeguarding and growing your investment,” Ikazoboh stated.
He emphasised the company’s broader vision, noting that Dangote Cement remains dedicated to transforming Africa by creating sustainable value for all stakeholders. The firm aims to achieve its goal of making the continent self-sufficient in cement and clinker production.
Chief Executive Officer Arvind Pathak outlined the company’s expansion strategy, saying, “We aim to expand installed capacity to 66.4Mta by 2030, supporting our long-term vision of making Africa self-sufficient in cement and clinker production. This growth will be driven by a mix of greenfield and brownfield projects.”
Pathak also highlighted the company’s ongoing investments across Africa, revealing, “Over the past 15 years, DCP has committed more than $8.5 billion in capital investments across Africa, underscoring our long-term confidence in the region’s growth prospects.”
The Group Chairman of Nigerian Exchange Group, Alhaji Umaru Kwairanga, praised Aliko Dangote for his contributions to the capital market and private sector development.
Shareholder representatives expressed satisfaction with the company’s performance. Faruk Umar, President of the Association for the Advancement of Rights of Nigerian Shareholders (AARNS), said, “We are happy with this result… despite all these challenges, the company was still able to pay us a very good dividend and even gave us hope of better returns on our investments in the years to come.”
Bisi Bakare, Chairperson of the Pragmatic Shareholders Association of Nigeria, also commended the company, stating, “As a shareholder and an active investor of this company, I am very happy and pleased with the performance of our company so far… Dangote Cement is the only manufacturing company that paid the highest dividend in the year under review.”
The company’s robust financial performance and shareholder rewards highlight its leading position in the African cement industry and its commitment to delivering value to investors.
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