Dangote Cement to pay over N506bn as final dividend

…proposes N30 final dividend per share

Dangote Cement Plc has proposed a final dividend of N30 per share, subject to the appropriate withholding tax and approval.

Dangote Cement posted a net profit of N503.2 billion in the 2024 financial year. It marks a 10 percent growth from the N455.6 billion recorded in 2023.

Dangote Cement has 16,873,559,252 shares outstanding. At N30 per share, the company will pay about N506.2 billion as final dividend.

The cement marker’s market capitalisation at the Nigerian Exchange Limited (NGX) is in excess of N8.099trillion. The stock price has remained at N480 per share lately.

The largest cement maker will pay this final dividend to shareholders whose names appear in the Register of Members at the close of business on Monday, June 9, 2025.

The Register of Members will be closed on Tuesday, June 10, 2025. Qualification date is Monday, June 9, 2025.

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The group posted a revenue of N3.58 trillion in 2024, which was 62 percent higher than the N2.21 trillion recorded in 2023, according to its financial scorecard recently release at the NGX.

With a gross profit of N1.9 trillion, Dangote’s Cement’s gross margin in 2024 was 54 percent. This corresponds with the 54 percent gross margin recorded in 2023 when the group had a gross profit of N1.2 trillion.

Dangote Cement reported an operating profit of N1.15 trillion in 2024, representing a 57percent increase from the N734.3 billion recorded in 2023. However, the company faced significant financial pressures.

Interest expenses amounted to N448.1 billion, while foreign exchange losses from its international operations reached N249 billion. As a result, total interest expenses for the year stood at N700 billion.

The group’s pre-tax profit increased to N732.5 billion, from N553.1 billion recorded in 2023. With a net tax expense of N229.3 billion, the group’s net profit was N503.2 billion

On Monday, June 23, 2025, the dividends will be paid electronically to shareholders whose names appear in the Register of Members as of Monday, June 9, 2025, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.