•Recognised for consistent shareholder rewards at the inaugural Nairametrics Capital Market Choice Awards
Africa’s largest cement manufacturer, Dangote Cement Plc, has added another prestigious accolade to its portfolio, winning the Dividend Paying Company of the Year Award at the inaugural Nairametrics Capital Market Choice Awards, held over the weekend in Lagos.
The award, presented under the theme “Capital Market as a Catalyst for Nigerian Economic Transformation,” celebrates corporate institutions that have made outstanding contributions to Nigeria’s economic development through capital market performance and investor returns.
Dangote Cement emerged top in the dividend category, ahead of other major contenders such as Nigerian Aviation Company and Airtel Africa.
The company was recognised for its robust and consistent dividend payments, which have continued to create long-term value for its shareholders.
Temilade Aduroja, Group Head, Investor Relations at Dangote Group, described the award as a validation of the company’s commitment to financial excellence and shareholder satisfaction.
“Our commitment to paying strong dividends reflects our robust financial performance, commitment to value creation, and dedication to delivering sustainable value to our shareholders.
“It reinforces trust, rewards long-term investment, and signals discipline in capital allocation,” she said.
A review of Dangote Cement’s financial records shows a remarkable dividend payout trajectory.
Since 2018, the company has paid above N10 per share annually, progressively increasing the amount over time.
By 2022, shareholders received N16 per share, which was raised to N20 in 2023 and further increased to N30 per share for the 2023 financial year.
For the year ended December 31, 2024, the board has proposed to sustain this N30 per share dividend, pending shareholder approval.
The company was recently named Platinum Award Winner at the ICAN-NGX REGCO Corporate Reporting Awards, an initiative jointly organised by the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Limited (NGX REGCO).
This award highlights Dangote Cement’s leadership in corporate transparency, governance, and sustainability. Other notable winners at the event included MTN Nigeria, Seplat Energy, GTCO, Zenith Bank, and Stanbic IBTC Holdings.
Thirty listed companies were evaluated for the Corporate Reporting Award based on compliance in three key areas: financial reporting (35%), corporate governance (30%), and sustainability reporting (35%).
The top performers were ranked in the Platinum, Gold, and Silver categories.
With a production capacity of 52.0 million metric tonnes per annum (Mta) across Africa, including 35.25Mta in Nigeria, Dangote Cement remains the continent’s largest cement producer.
Its plants in Obajana, Ibese, Gboko, and Okpella continue to drive self-sufficiency and export growth. The company is also expanding capacity with a new 6Mta plant in Itori, Ogun State.
Through strategic investments, Dangote Cement has eliminated Nigeria’s dependence on imported cement and positioned the country as a net exporter to neighbouring West African markets.
Copyright Notice:
All rights reserved. The content on this website, including text and other digital materials, may not be reproduced, published, broadcast, rewritten, or redistributed in whole or in part without the express written consent of THE NEWS ACCELERATOR NETWORK.
For advertising inquiries, news coverage, or press releases, please contact us at thenewsacceleratornetwork@gmail.com or 08051017159, 08144048512.
إرسال تعليق