Dangote Cement Plc shareholders have approved a final dividend of N30 per share following the company’s strong performance in the 2024 financial year.
The dividend was approved at the group’s 16th Annual General Meeting (AGM), held on June 23, 2025, in Lagos. At a current share price of N440, the dividend represents 6.81% yield, with a total payout of N506.21 billion.
Shareholders also approved an annual remuneration of N20 million for the Chairman and N15 million each for non-executive directors for the year ending December 31, 2025.
Board members, Aliko Dangote, Ernest Ebi, Viswanathan Shakar, Cherie Blair, and Douraid Zaghouani were reappointed following their retirement by rotation.
According to the group’s Q1 financial statement, profit before tax surged by 85.7% to N209.2 billion, while gross profit hit N587.3 billion, largely driven by a revenue increase to N994.6 billion from N817.3 billion Q1 2024.
The group’s total assets stood at N6.4 trillion, while retained earnings grew by N20.7% to N1.2 trillion, up from N1.02 trillion recorded in the previous financial year.
Addressing shareholders, Aliko Dangote highlighted Nigeria’s emergence as Africa’s largest cement exporter and reaffirmed the company’s priorities.
“This year, Nigeria has become the largest exporter of cement across Africa. We’ve gone from being a major importer to now outpacing every other African country in exports,” he said.
“Our focus is on reducing production and foreign exchange costs, expanding our market share, and driving stronger export performance,” he added.
