Dangote Cement Raises Dividend by 50% to ₦45, Pays Record ₦753.8bn to Shareholders
Dangote Cement Announces Highest Dividend in Company History
Dangote Cement Plc has approved a record dividend payout of ₦753.8 billion to shareholders after increasing its final dividend by 50%, from ₦30 to ₦45 per share, following a strong financial performance in the 2025 financial year. The dividend, approved at the company's 17th Annual General Meeting (AGM), represents the highest shareholder distribution in the company's history and reinforces its position as one of the Nigerian Exchange's leading dividend-paying companies.
/ You Might Also Like /
The increased payout follows a year in which Africa's largest cement producer recorded significant growth in revenue, profitability and cash generation despite a challenging operating environment. Company executives said the dividend reflects the strength of Dangote Cement's business model, disciplined capital allocation strategy and commitment to creating long-term value for shareholders.
Shareholders Approve Historic Dividend
At the AGM held in Lagos, shareholders endorsed the board's recommendation to pay a final dividend of ₦45 per ordinary share, representing a 50% increase over the ₦30 per share paid for the 2024 financial year.
The total dividend distribution amounts to approximately ₦753.8 billion, making it the largest payout since the company was listed on the Nigerian Exchange. Company Chairman Emmanuel Ikazoboh described the increase as a demonstration of Dangote Cement's commitment to rewarding investors while maintaining sound corporate governance and operational excellence.
Strong 2025 Financial Performance Drives Higher Returns
The dividend increase was supported by robust financial results for the year ended 31 December 2025.
According to Dangote Cement's audited financial statements:
Group revenue increased by 20.3% to ₦4.31 trillion.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 43.4% to ₦1.98 trillion.
Profit after tax more than doubled, increasing 101.7% to ₦1.01 trillion.
Earnings per share climbed 101.3% to ₦59.86.
The company attributed the performance to operational efficiency, improved margins, disciplined cost management and sustained demand across its markets.
Management Reaffirms Long-Term Growth Strategy
Chairman Emmanuel Ikazoboh said the increased dividend demonstrates the resilience of the company's operations and its ability to generate sustainable value despite macroeconomic challenges.
He stated that Dangote Cement remains focused on delivering superior shareholder returns while maintaining prudent capital allocation, operational excellence and high standards of corporate governance.
Group Managing Director and Chief Executive Officer Arvind Pathak also reaffirmed the company's commitment to expanding operational efficiency and strengthening its position as Africa's leading cement producer.
Expansion Continues Across Africa
Alongside its financial performance, Dangote Cement continued to strengthen its regional footprint during 2025.
The company reported progress in expanding production capacity, including the ramp-up of operations at its Côte d'Ivoire plant, while total installed production capacity reached 55 million metric tonnes per annum.
Dangote Cement also increased clinker exports from Nigeria, dispatching 34 ships to regional markets including Ghana and Cameroon, supporting its strategy of positioning Nigeria as a regional manufacturing hub.
Significance for Investors
The record dividend reinforces Dangote Cement's reputation as one of the Nigerian Exchange's most consistent dividend-paying companies.
For institutional and retail investors, the increased payout reflects strong cash generation and confidence in the company's long-term earnings outlook. Analysts note that consistent dividend growth remains an important indicator of financial strength, particularly in a market where investors increasingly seek stable income-generating assets.
The company's profitability also demonstrates the resilience of Nigeria's cement industry despite inflationary pressures, exchange rate volatility and rising operating costs.
Implications for Nigeria's Construction Sector
As Africa's largest cement producer, Dangote Cement plays a significant role in Nigeria's housing and infrastructure sectors.
The company's continued profitability and investment in production capacity support the availability of a key construction material required for housing developments, commercial real estate and public infrastructure projects. Sustained operational performance also strengthens confidence in Nigeria's manufacturing sector and its capacity to support national infrastructure development.
For developers and construction firms, the company's expansion strategy could contribute to improved supply resilience as demand for cement continues to grow alongside public and private investment in housing and infrastructure.
Looking Ahead
Dangote Cement's record ₦753.8 billion dividend payout reflects one of the strongest financial performances in the company's history and underscores its commitment to delivering long-term value to shareholders. Backed by record earnings, higher revenue and continued regional expansion, the company enters the new financial year from a position of considerable strength.
As Nigeria continues to pursue ambitious housing and infrastructure development programmes, the performance of major building materials manufacturers such as Dangote Cement will remain closely watched by investors, developers and policymakers seeking indicators of growth across the construction and real estate sectors.
READ MORE
