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Home Markets Equities Company Results

Dangote Cement approves FY 2020 dividend payment of N16 per share.

Chidi Emenike by Chidi Emenike
May 28, 2021
in Company Results, Markets
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The Board of Directors of Dangote Cement Plc has approved a dividend payment of N16 per share, to all shareholders whose names appeared in the Company’s Register of Members at the close of business on April 27, 2021.

This is part of the resolutions reached at the recently concluded 12th Annual General Meeting of the company, held on the 26th of May, 2021 at Eko Hotels and Suites, Victoria Island, Lagos.

Recall that the company had earlier reported a 38% surge in its profit after tax to N276.07 billion in FY 2020. Other key financial metrics like revenue and EPS all recorded a surge of 16% and 38% respectively.

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Sequel to these impressive gains, a dividend of N16 was declared. This dividend figure remains unchanged when compared with 2019 figure. In light of this, the Board considers the dividend level appropriate and in line with the company’s strategic growth objectives. Accordingly, the approved dividend will be paid on all the 17,040,507,405 units of outstanding shares of the company, totalling N272.65 billion.

On the other hand, the company revealed that the total amount of unclaimed dividends outstanding as at 31st of December, 2020 is N4 billion, indicating an increase of about 14.3% YoY.

 

For more information, click HERE.

Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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MRS slashes pump price to N935 per litre after partnership with Dangote refinery

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