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.
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.