Shareholders of Dangote Cement Plc have received over N3.3 billion in dividends over the last 15 years.
In addition to this impressive dividend payout, the shareholders have also significantly benefited from the cement stock’s capital appreciation.
The newly appointed chairman of Dangote Cement Plc, Emmanuel Ikazoboh, stated this at the Company’s combined Closing Gong Ceremony and Facts behind the Figures presentation held yesterday on the Nigerian Exchange Limited.
Ikazobor, who just assumed the chairmanship from Aliko Dangote, thanked the shareholders for standing by the company and assured 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. It will do all it can to achieve its vision of making Africa self-sufficient in cement and clinker.
Speaking further on the company’s future, the chief executive of Dangote Cement, Arvind Pathak, said, “We aim to expand installed capacity to 66.4Mta by 2030, supporting our long-term vision of making Africa self-sufficient in cement and clinker production. A mix of greenfield and brownfield projects will drive this growth.”
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, the company, according to him, has announced a $400 million investment to double its production capacity in Ethiopia.
He said, “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.”
The group chairman of Nigerian Exchange Group (NGX Group), Alhaji Umaru Kwairanga, praised Aliko Dangote, the president/chief executive of Dangote Group, 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.
The group managing director and chief executive of the Nigerian Exchange Group, Temi Popoola, also lauded the new management and board of Dangote Cement, noting that with Ikazoboh as the chairman, the shareholders would surely be happy.
The chief executive officer of NGX, Jude Chiemeka, added that the Facts Behind the Figures series was designed to enhance market transparency and improve investor understanding.
“Engagements such as this demonstrate the value of consistent disclosure and accountability. They also reaffirm NGX’s role as the marketplace for driving industrial growth and investor confidence,” Chiemeka added.
Recall that the company’s shareholders, in its last Annual General Meeting (AGM) for the year 2024, were full of praise for the Board, Management, and staff after approving a dividend payout of N502.6 billion, which translated to N30 kobo per share.
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.
