Dangote Cement Plc has said that shareholders of the company received about N3.3 trillion in dividends over the past 15 years.
This benefit besides the significant capital gains from the appreciation of the company’s stock.
The Dangote Cement Chairman, Emmanuel Ikazoboh, hinted at this during the company’s ‘Facts Behind the Figures’ presentation at the Nigerian Exchange Limited (NGX) on Wednesday, September 10.
“To our investors, you have my unwavering commitment to safeguarding and growing your investment.
“To our regulators and market operators, you have my pledge of continued partnership and adherence to governance standards that lead rather than follow,” he said.
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Ikazoboh, who took over as the new helmsman of the company in July this year, after the founder and president of Dangote Group, Aliko Dangote, stepped down as chairman, assured investors of continued returns while pledging to uphold the company’s vision of transforming Africa through self-sufficiency in cement and clinker.
He added that Dangote Cement remains resolute in transforming Africa by creating sustainable value for all its stakeholders.
The Chief Executive Officer (CEO), Arvind Pathak, hinted that the company’s expansion will target 66.4 million tonnes per annum (Mta) installed capacity by 2030.
He hinted that the company has completed the first phase (1.5Mta) of its 3Mta Côte d’Ivoire plant, and is advancing construction of a 6Mta integrated plant in Itori, Ogun state, stating that it has also committed $400 million to double capacity in Ethiopia.
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“Over the past 15 years, DCP has committed more than $8.5 billion in capital investments across Africa, underscoring our long-term confidence in the region’s growth prospects,” Pathak added.
Chairman of the NGX Group, Umaru Kwairanga, commended the founder for his contributions to Nigeria’s capital market and private sector.
He hailed Dangote as “a mentor who has shown that wealth can be created and transferred to the public through the market.”
The Chairperson of the Pragmatic Shareholders Association of Nigeria, Bisi Bakare, commended the company’s corporate governance practice.
Earlier in June, shareholders approved a N502.6 billion payout dividend for 2024, which translated into N30 per share.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X
