Dangote Cement dividend approval confirms a N30 per share payout, rewarding shareholders with N506.21bn as profit soars 86 percent year-on-year

Dangote Cement dividend approval has sealed a record payout of N506.21 billion to shareholders, following a resolution passed at the company’s 16th Annual General Meeting held in Lagos on 23 June 2025.

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A total of 353 out of 360 shareholders present voted in favour of the N30 per ordinary share dividend, which will be paid from the company’s retained earnings as of 31 December 2024.

Speaking at the AGM, Chairman Aliko Dangote hailed Nigeria’s emergence as the continent’s cement export leader.

“This year, Nigeria has become the largest exporter of cement across Africa. We’ve gone from being a major importer to now outpacing every other African country in exports,” he declared.

Shareholders also endorsed the reappointment of directors Aliko Dangote, Ernest Ebi, Viswanathan Shankar, Cherie Blair, and Douraid Zaghouani following their retirement by rotation.

In a separate motion, annual remuneration for board members was fixed at N20 million for the Chairman and N15 million for each non-executive director for the financial year ending 31 December 2025.

Aliko Dangote assured investors that the company remains focused on lowering production and foreign exchange costs, expanding its market share, and boosting exports.

This strategy, he noted, has already started yielding tangible results.

This year, Nigeria has become the largest exporter of cement across Africa. We’ve gone from being a major importer to now outpacing every other African country in exports.

According to its Q1 2025 report, Dangote Cement posted gross profit of N587.3 billion, driven by strong revenue of N994.6 billion—an impressive increase from N817.3 billion in Q1 2024.

Profit after tax surged 85.71 percent year-on-year, reaching N209.2 billion.

Although the company’s cost of sales rose slightly to N407.2 billion, the revenue growth helped absorb the higher expenditure.

Fuel and power accounted for 43.5 percent of total production costs, with raw materials consuming 21.3 percent. Other components included salaries, plant maintenance, and depreciation.

On the balance sheet, total assets grew to N6.4 trillion while retained earnings rose by 20.74 percent to N1.2 trillion—up from N1.02 trillion as of December 2024.

The approved final dividend of N30 per share reflects a yield of 6.81 percent based on the current market price of N440 per share.

This continues a steady trend: from 2018, Dangote Cement paid dividends above N10 per share, rising to N16 through 2022, then to N20 in 2023 and N30 for that financial year.

The company has now maintained the N30 benchmark into FY 2024.

Dangote Cement dividend approval reinforces the company’s reputation for rewarding shareholder loyalty and sustaining profitability, despite macroeconomic headwinds.

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The board remains committed to delivering long-term value through efficient operations and regional expansion.