We’ve Paid Over N3.3tr Dividends To Shareholders In 15 Years, Says Nigeria’s Dangote Cement

Caption: Group Chairman, NGX Group, Alhaji (Dr.) Umaru Kwairanga; Chairman; Dangote Cement Plc, Emmanuel Ikazoboh; Group Managing Director/CEO, Dangote Cement Plc, Arvind Pathak; Board Member, Dangote Cement Plc, Mariya Dangote; at the facts behind the figures / Introduction of Dangote Cement Plc new Board Chairman and Directors to the floor of the NGX Stock Exchange, Lagos on Wednesday September 10, 2025.

The board of Dangote Cement Plc, on Wednesday said as part of its investor-centric posture, since listing its shares on the Nigerian Exchange Limited (then Nigerian Stock Exchange), the company has paid over N3.3 trillion as dividends over the last 15 years.

Investdata News recalls that the company’s shares were admitted for trading on the NSE on October 26, 2010, the biggest of which was the N30 per share approved for payment by the shareholders on June 26, 2025, being payout for the year ended December 31, 2024, amounting to N502.6bn, up from the previous year’s N20 each.

The consistent and juicy payout, the company told members of the Nigerian capital market community  in Lagos, during the “Facts Behind the Figure” presentation, is besides significantly benefiting from robust capital appreciation over the years.

Addressing stockbrokers and finance journalists at the event, the company’s new Chairman, Emmanuel Ikazoboh, who recently replaced Aliko Dangote, the founder, thanked the shareholders for standing by the company, while also assuring them of consistent good returns on their investments.

He said Dangote Cement remains resolute in transforming Africa by creating sustainable value for all its stakeholders, and will do everything to achieve its vision of making Africa self-sufficient in cement and clinker.

According to him, “to our investors, you have my unwavering commitment to safeguarding and growing your investment. To our regulators and market operators, you have my pledge of continued partnership and adherence to governance standards that lead rather than follow. To our employees and partners, you have my gratitude and my assurance that our collective strength will propel us to achievements we haven’t yet imagined.”

Speaking further on the future of the company, the Chief Executive, Arvind Pathak, said Dangote Cement aims “to expand installed capacity to 66.4 Metric Tons Per Annum by 2030, supporting our long-term vision of making Africa self-sufficient in cement and clinker production. This growth will be driven by a mix of greenfield and brownfield projects.”

Ahead of that target, he revealed that the company has commissioned the first phase (1.5Mta) of its 3Mta Côte d’Ivoire plant, while construction of the 6Mta integrated Itori Plant continues to advance steadily.

In addition, he announced a $400 million investment to double its production capacity in Ethiopia, recalling how “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.”

Speaking earlier, the Chairman NGX Group, Alhaji (Dr.) Umaru Kwairanga praised the President/Chief Executive, Dangote Industries Limited (the parent company), Aliko Dangote, for his substantial contributions to the Nigerian capital market and private sector development.

He said the former Chairman of Dangote Cement, who is also his mentor, has clearly shown that wealth can be created but also transferred to the public through the capital market.

Also, the Group Managing Director and Chief Executive of the Nigerian Exchange Group, Temi Popoola, lauded the management and board of Dangote Cement, noting that with Mr. Ikazoboh as Chairman, shareholders will surely be happy.

The company, in the same vein, also significantly increased its social investments by 469.8 per cent to N3.2 billion. The corporate social responsibility (CSR) activities were in education, healthcare, agriculture, infrastructure, and economic empowerment.

President of the Association for the Advancement of Rights of Nigerian Shareholders (AARNS), Faruk Umar, said the shareholders were pleased with Aliko Dangote and his team. He said that for the company to still pay a robust dividend despite the obvious economic challenges, which also affected their operations, shows the doggedness and fighting entrepreneurial spirit of the Management.

According to Umar, “2024 was very challenging due to the fluctuations in the foreign exchange market and the company’s expansion programme. But despite all these challenges, the company was still able to pay us a very good dividend and even gave us hope of better returns on our investments in the years to come. This is very commendable, and it is only a company like Dangote Cement that can achieve this laudable feat.”

Chairperson of the Pragmatic Shareholders Association of Nigeria, Mrs. Bisi Bakare, also commended the company’s consistent dividend payment, noting that the company is moving in the best way of corporate governance.

“As a shareholder and an active investor of this company, I am very happy and pleased with the performance of our company so far. The earnings are not even up to N30 per share, and for the company to still declare N30 per share dividend speaks volumes of the quality of leadership that we are lucky to have in Dangote Cement…It should also be noted that Dangote Cement is the only manufacturing company that paid the highest dividend in the year under review. So, we are happy and very proud to be part of this company,” she added.