Dangote Cement Plc has secured shareholder approval for a dividend of N30 per strange share for the {financial} 12 months ended December 31, 2024, with 353 out of 360 shareholders voting in favor.
The approval was granted on the firm’s sixteenth Annual Common Assembly (AGM) held on June 23, 2025, in Lagos, Nigeria.
On the AGM, board administrators Aliko Dangote, Ernest Ebi, Viswanathan Shankar, Cherie Blair, and Douraid Zaghouani have been reappointed following their retirement by rotation.
As well as, shareholders authorised an annual remuneration of N20 million for the Chairman and N15 million every for non-executive administrators for the 12 months ending December 31, 2025.
Addressing shareholders, Chairman Aliko Dangote highlighted Nigeria’s rising management in cement exports, stating:
“This 12 months, Nigeria has develop into the most important exporter of cement throughout Africa. We’ve gone from being a significant importer to now outpacing each different African nation in exports.”
On the corporate’s efficiency and outlook, he added:
“Our focus is on lowering manufacturing and international trade prices, increasing our market share, and driving stronger export efficiency.”
In response to Dangote Cement’s Q1 2025 {financial} report, the corporate’s price of gross sales rose barely by 2.29%, reaching N407.2 billion, in comparison with N398 billion in the identical interval final 12 months.
Regardless of larger prices, the corporate posted a gross revenue of N587.3 billion, pushed by sturdy income of N994.6 billion, up from N817.3 billion in Q1 2024.
This topline development helped take up the impression of rising manufacturing prices.
In consequence, profitability improved considerably, with revenue after tax hovering 85.71% to N209.2 billion.
The corporate confirmed that the N30 per share dividend might be paid from retained earnings reported as of December 31, 2024.
Dangote Cement’s remaining dividend of N30 per share for the 2024 {financial} 12 months quantities to a complete payout of N506.21 billion.
Since 2018, the corporate has constantly paid dividends above N10 per share, growing the payout to N16, which it sustained by means of 2022.
In 2023, the dividend was raised to N20, and later to N30 for that {financial} 12 months.
That upward momentum has continued into FY 2024, with the corporate sustaining the N30 dividend benchmark.
