Dangote Cement Approves N45 Dividend, Targets 80M Tonnes

At its 17th Annual General Meeting in Lagos, Dangote Cement Plc approved a final dividend of N45 per ordinary share for the financial year ending December 31, 2025, resulting in a total payout of N753.8 billion. Chairman Emmanuel Ikazoboh reaffirmed the company's long-term strategy to expand across Africa, emphasizing the importance of leveraging local resources.

Dr. Faruk Umar commended the company's focus on self-sustaining industrial growth. The company plans to increase its production capacity from 55 million tonnes to 80 million tonnes by 2030.

Group Managing Director Arvind Pathak noted that Dangote Cement is investing in operational efficiency and reducing transport energy costs. Financial analyst Mr. Nornah Awoh praised the company's financial discipline, highlighting the deployment of 3,000 CNG trucks to reduce bank borrowing by 50%.

The company expects to maintain its dividend trend, projecting dividends of N60 to N70 in the fourth quarter.