Dangote Cement To Pay N340 Billion Dividend

For the year ended December 31, 2022, Dangote Cement Plc has declared a total dividend of N340 billion to be paid to its shareholders.

The company said, once the shareholders at the annual general meeting (AGM) slated for April 13, 2023, approved the proposal, the shareholders whose names are registered in the company’s register of members at the close of business on March 30, 2023, will be immediately paid the sum of about N340 billion a day after the meeting.

In the notice of AGM signed by Edward Imoedemhe, the acting company secretary, Dangote Cement, a list of unclaimed dividends is available on the company’s website and shareholders with unclaimed share certificates or unclaimed dividends should address their claims to the Registrars, Coronation Registrars Limited.

In the organisation's financial statements for 2022, the gross earnings for the Group increased to N1.6 trillion from the N1.4 trillion recorded in the preceding year due to the higher revenue generated from cement and clinker sales, with a significant chunk coming from the domestic market.

The company’s revenue also increased by 21 per cent to N1,205 billion as against N993 billion recorded for the preceding year.