Shareholders of Dangote Cement Plc have approved a 50 per cent increase in the company's dividend, raising the payout from N30 to N45 per share after the cement giant posted a strong financial performance for the 2025 financial year.
The approval was granted at the company's Annual General Meeting (AGM) held in Lagos, resulting in a total dividend payout of N753.8 billion, the highest in the company's history.
Speaking at the meeting, Chairman of Dangote Cement, Emmanuel Ikazoboh, said the increased dividend reflects the company's commitment to rewarding shareholders for their confidence and continued investment in the business.
According to him, the company's strong earnings, prudent capital management and solid business fundamentals have positioned it to deliver improved returns while sustaining long-term growth.
"Our commitment remains to create sustainable value for all stakeholders. This significant dividend increase demonstrates the strength of our business model, our disciplined approach to capital allocation and our confidence in the future.
"We appreciate the trust our shareholders have placed in us and remain committed to delivering superior returns while maintaining the highest standards of corporate governance and operational excellence," Ikazoboh said.
He disclosed that despite operating in a challenging economic environment, Dangote Cement recorded a robust performance in 2025, with earnings per share rising to N59.86.
Also speaking, the Group Managing Director and Chief Executive Officer, Arvind Pathak, attributed the higher dividend to the company's strong earnings and healthy financial position.
He said the company's ability to generate strong cash flows has enabled it to reward investors while continuing to finance expansion projects across Africa.
"The decision to increase our dividend by 50 per cent to N45 per share demonstrates the strength of Dangote Cement's earnings capacity and cash generation capability.
"As we continue to execute our pan-African growth strategy, we remain committed to creating lasting value for our shareholders, investing in the future of the business and supporting Africa's industrial development.
"Our shareholders have stood by us throughout our journey, and we are delighted to reward that trust with another significant increase in returns," Pathak said.
He noted that the company continues to expand its presence across the continent through strategic investments and increased production capacity.
According to him, Dangote Cement commissioned a three-million-tonne-per-annum grinding plant in Côte d'Ivoire during the 2025 financial year, raising the company's installed production capacity to 55 million tonnes per annum across 11 African countries.
Pathak added that the company remains on course to achieve its long-term target of expanding installed capacity to 80 million tonnes per annum by 2030 through continued investments in new plants and production facilities.
He said Dangote Cement is also investing in logistics, energy efficiency, alternative fuels and plant modernisation as part of efforts to improve operational efficiency, enhance sustainability and strengthen its competitive position across African markets.
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