Dangote Cement Jacks Up Dividend by 50% as Net Profit Surges Past N1trn
Dangote Cement Plc, Africa’s biggest manufacturer of the building material, has proposed a 50% increase in dividend payment after posting a profit of over ₦1 trillion for the 2025 financial year.
The group’s revenue rose by 20% to ₦4.307 trillion, up from ₦3.581 trillion in 2024, according to its latest financial results released on Saturday. Net profit more than doubled to ₦1.015 trillion from ₦503 billion in the prior year.
Earnings per share jumped to ₦59.86 from ₦29.74 in 2024.
The Board of Directors has recommended a dividend of ₦45.00 per ordinary share for 2025, up from ₦30.00 in 2024. The company said its dividend policy is designed to mirror its earnings and cash flow, while preserving sufficient capital to fund operations and ongoing expansion plans.
The Board said the proposed dividend is appropriate and consistent with Dangote Cement’s long-term strategic growth objectives.
Payment of the dividend remains subject to shareholders’ approval at the forthcoming Annual General Meeting. If approved, the dividend will be paid to shareholders whose names appear in the company’s Register of Members at the close of business on the specified qualification date.
