Dangote Cement Distributes ₦3.3 Trillion Dividends in 15 Years
DANGOTE Cement Plc has announced that it has paid a total of ₦3.3 trillion in dividends to shareholders over the past 15 years.
The disclosure was made on Wednesday during the company’s “Facts Behind the Figures” presentation at the Nigerian Exchange Limited (NGX) in Lagos.
Emmanuel Ikazoboh, the newly appointed Chairman of Dangote Cement who succeeded Aliko Dangote, assured shareholders of sustained value creation.
“In the last 15 years, we have paid a total dividend of ₦3.3 trillion to our shareholders, and we assure you of sustained returns on your investments,” Ikazoboh said.
He pledged continued commitment to investors, regulators, employees, and partners, while reaffirming the company’s long-term vision of making Africa self-sufficient in cement and clinker production.
Arvind Pathak, Group Chief Executive Officer, highlighted Dangote Cement’s growth strategy, noting plans to increase installed capacity to 66.4 million tonnes per annum (Mta) by 2030 through both greenfield and brownfield projects.
According to him, the company recently completed the first phase of its 1.5Mta Côte d’Ivoire plant and is advancing work on its 6Mta Itori integrated plant in Ogun State, Nigeria. In addition, Dangote Cement has committed $400 million to double production capacity in Ethiopia.
“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,” Pathak said.
Earlier, Dr Umaru Kwairanga, Group Chairman of NGX, praised Aliko Dangote for his role in deepening Nigeria’s capital market and private sector development. He described Dangote Cement as a flagship company listed on the Exchange’s Premium Board, reserved for firms with the highest governance and compliance standards.
Also speaking, NGX CEO Jude Chiemeka described Dangote Cement as one of the Exchange’s strongest performers, citing its consistent dividend payments since listing in 2010. He added that the company has contributed over ₦520 billion in taxes to the Federal Government and currently accounts for about nine per cent of the Exchange’s ₦88 trillion market capitalization.
Shareholders also expressed satisfaction with the company’s performance. Faruk Umar, President of the Association for the Advancement of Rights of Nigerian Shareholders (AARNS), commended Dangote Cement’s resilience despite economic challenges in 2024.
“We are happy with this result. Despite fluctuations in the foreign exchange market and ongoing expansion projects, the company still paid us strong dividends and gave hope of even better returns in the years ahead,” Umar said.
