Dangote Cement Plc has approved a historic dividend payout of ₦753.8 billion for the 2025 financial year, translating to ₦45 per share. The distribution, endorsed by shareholders at the company’s 17th Annual General Meeting, represents a 50% increase on the ₦30 per share paid the previous year.
It is the highest dividend in the company’s history and marks the second consecutive year that the cement giant has raised its dividend by 50%, following an earlier step-up from ₦20 to ₦30 per share.
The growth metrics behind the payout.
The record distribution follows a notably strong year for the group. Earnings per share climbed to ₦59.86, underscoring resilient profitability in spite of macroeconomic headwinds.
Group Managing Director Arvind Pathak said the enhanced dividend reflects the company’s underlying earnings capacity and strong cash generation. That financial strength continues to fund an aggressive pan-African expansion strategy. Key milestones in the year included:
- Capacity expansion: Commissioning of a new 3-million-tonne-per-annum grinding plant in Côte d’Ivoire.
- Continental footprint: Lifting total installed capacity to 55 million tonnes per annum across eleven African countries.
- Long-term mandate: A clear roadmap to reach 80 million tonnes per annum in manufacturing capacity by 2030.
The balance between high cash returns and continuous capacity build-out is central to how investors now read the stock.
Shareholders back a potential London listing
Beyond the dividend, the most strategic outcome of the AGM was unanimous shareholder approval authorising management to pursue a secondary listing on the London Stock Exchange (LSE) or another tier-one global bourse.
Patrick Ajudua, National Chairman of the New Dimension Shareholders Association, described the proposed listing as a progressive step that secured broad investor support.
A move into London would mark a major evolution for the conglomerate. A dual listing is expected to:
- Open direct access to deeper pools of global institutional equity.
- Improve valuation dynamics and visibility among international investors.
- Diversify the company’s capital base.
- Streamline access to foreign-denominated debt and equity markets.
For shareholders, it signals a deliberate shift from regional champion to globally visible asset.
A macro baseline for institutional capital
Over the past 15 years, Dangote Cement has cumulatively paid more than ₦3.3 trillion in dividends, cementing its status as a core bellwether on the Nigerian Exchange (NGX).
For domestic retail investors and foreign asset managers alike, the latest payout functions as a strong vote of executive confidence. It shows the group can sustain high shareholder returns while continuing to fund capital-intensive cross-border infrastructure projects.
As Dangote Cement prepares for potential entry into a major international exchange, it is setting a benchmark for corporate execution, capital discipline, and expansion ambition across Africa’s industrial landscape.
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