Connect with us


Dangote Cement’s dividend payment tops N1tn in seven years




Cement-manufacturing giant, Dangote Cement Plc, Wednesday said its dividend payment to shareholders, has exceeded N1 trillion in seven years.

HEY! Download & Install The New ANE Android App To Your Device
Hello!! Have you heard about the deadly virus called Coronavirus? No? See What It Is & How To Prevent It Here. Also Stay Connected & Get Latest Updates On Coronavirus Here. Please be safe! We LOVE You.

Gillaume Moyen, the Group Chief Financial Officer of the firm, said at the virtual Facts Behind the Figures report hosted by the Nigerian Stock Exchange, that the high point of the cement-maker’s success lies in transforming the nation from an importer of cement to an exporter.

Dangote Cement, which was Nigeria’s biggest company by market value until recently displaced by MTN Nigeria by way of common stock gains by the telco, rewarded shareholders with N51.1 billion in 2013, N119.3 billion in 2014, N102.2 billion in 2015, N136.3 billion in 2016, N144.8 billion in 2017, N178.9 billion in 2018 and N272.6 billion in 2019.

“We are developing road infrastructure and durable concrete roads, which are a major economic catalyst and hugely beneficial for the country’s transport sector.

“We began our operations in Nigeria and have been expanding into other countries over the years.

“Since 2011, we have been enjoying robust volume growth; to be more specific, we have been growing at a compound annual growth rate of 13.4 per cent,” Moyen said.

Meanwhile, Michel Puchercos, the Group Chief Executive Officer, revealed the organisation’s COVID-19 containment efforts in its African operations, noting its watchdog endeavours across markets.

Dangote Cement came head to head with rival cement-maker, BUA Group, in an ownership tussle involving mining sites at Obu-Okpella, Edo State in June, with the latter obtaining a restraining order from a Benin High Court to keep Dangote Cement off the disputed sites.

Get More Stories Like This On: Facebook: @AllNaijaEntertainment, Twitter: @AllNaijaEntertainment

Click to comment
Notify of
Inline Feedbacks
View all comments

Don’t Miss!

Join "ANE sabi" clique

Don't miss a thing, get ogbonge ANE latest updates to fuel your conversation daily.

Latest Exchange Rate

Donate To ANE!

Mind buying a coffee to support us here at All Naija Entertainment?. Yes?

Donate Now

ANE Billboard Hots!