Dangote Cement’s dividend payment tops N1tn in seven years

Cement-manufacturing giant, Dangote Cement Plc, Wednesday said its dividend payment to shareholders, has exceeded N1 trillion in seven years.

Gillaume Moyen, the Group Chief Financial Officer of the firm, said at the virtual Facts Behind the Figures report hosted by the Nigerian Stock Exchange, that the high point of the cement-maker’s success lies in transforming the nation from an importer of cement to an exporter.

Dangote Cement, which was Nigeria’s biggest company by market value until recently displaced by MTN Nigeria by way of common stock gains by the telco, rewarded shareholders with N51.1 billion in 2013, N119.3 billion in 2014, N102.2 billion in 2015, N136.3 billion in 2016, N144.8 billion in 2017, N178.9 billion in 2018 and N272.6 billion in 2019.

“We are developing road infrastructure and durable concrete roads, which are a major economic catalyst and hugely beneficial for the country’s transport sector.

Source: Ripples Nigeria