Reported by: Oahimire Omone Precious | Edited by: Oravbiere Osayomore Promise.
Shareholders of Dangote Cement Plc are set to receive a record dividend payout of N753.8 billion for the 2025 financial year, following a landmark 50 per cent increase in dividend per share from N30 to N45, the highest dividend payout in the company's history.
The decision was approved by shareholders at the company’s 17th Annual General Meeting, held on Thursday, July 2, 2026, in Lagos, with the payout reaffirming Dangote Cement's position as one of the most rewarding investments on the Nigerian Exchange. The N753.8 billion dividend represents a significant increase from the N502.6 billion paid in the previous year and follows a 50 per cent rise from N20 to N30 per share in the prior cycle, underscoring the company's consistent commitment to rewarding shareholders despite challenging economic conditions.
The record dividend was made possible by Dangote Cement's outstanding financial performance in 2025, which saw earnings per share rise significantly to N59.86, demonstrating the company's resilience and operational excellence despite prevailing macroeconomic challenges. The company delivered a landmark financial performance, with revenue reaching N4.31 trillion, a 20.3 per cent increase from N3.58 trillion in 2024, while profit after tax crossed the N1 trillion mark for the first time in the company's history.
Group Managing Director and Chief Executive Officer, Arvind Pathak, said the dividend increase was backed by the company's strong financial performance and healthy balance sheet. "The decision to increase our dividend by 50 per cent to N45 per share demonstrates the strength of Dangote Cement's earnings capacity and cash generation capability," Pathak stated.
"As we continue to execute our pan-African growth strategy, we remain committed to creating lasting value for our shareholders, investing in the future of the business, and supporting Africa's industrial development. Our shareholders have stood by us throughout our journey, and we are delighted to reward that trust with another significant increase in returns."
The company's dividend history has continued to set benchmarks in the Nigerian capital market. Over the past 15 years, Dangote Cement has distributed more than N3.3 trillion in dividends to shareholders, reinforcing its reputation as a dependable creator of long-term wealth. Investors have benefited not only from robust dividend payments but also from significant capital appreciation in the company's stock.
Chairman of Dangote Cement, Emmanuel Ikazoboh, reaffirmed the company's determination to deliver consistent returns while maintaining the highest standards of corporate governance and operational excellence. "Our commitment remains to create sustainable value for all stakeholders," Ikazoboh said. "We are proud of the confidence reposed in us by our shareholders over the years, and we will continue to pursue strategies that enhance profitability, strengthen corporate governance, and deliver superior returns on investment."
The company continues to strengthen its footprint across Africa through strategic investments and capacity expansion projects. In 2025, Dangote Cement commissioned a three-million-tonne-per-annum grinding plant in Côte d'Ivoire, reinforcing its presence in West Africa and increasing total installed capacity to 55 million tonnes per annum across 11 African countries, comprising 33.5 million tonnes in Nigeria and 19.7 million tonnes across its pan-African operations.
Pathak added that the company remains focused on its long-term objective of expanding installed capacity to 80 million tonnes per annum by 2030, while driving operational efficiency, increasing exports, enhancing sustainability initiatives, and improving shareholder returns. The company's strategic investments in logistics, energy efficiency, alternative fuels, and plant modernisation continue to strengthen its competitive advantage across its markets.
In a significant development, shareholders at the AGM also approved the management's decision to undertake a potential secondary listing of its issued shares on the London Stock Exchange or other recognised international securities exchange. The move is expected to enhance the company's global visibility, attract international investors, and further solidify its position as Africa's largest cement producer with operations spanning 11 African countries.
Market analysts believe the record dividend payout sends a strong signal about management's confidence in future earnings growth and further consolidates Dangote Cement's status as a premier blue-chip stock on the Nigerian Exchange. As Africa's largest cement producer, Dangote Cement remains committed to its vision of making Africa self-sufficient in cement and clinker production while creating sustainable value for shareholders, supporting industrial development, and contributing meaningfully to economic growth across the continent.
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