Dangote Cement Hikes Dividend by 50% as Profit Spikes

Dangote Cement Hikes Dividend by 50% as Profit Spikes

Dangote Cement Plc has announced plans to pay shareholders N45 as a final dividend, reflecting improved earnings performance in 2025. The proposed amount represents a 50% increase over the equivalent period in 2024, supported by significant earnings growth.

The top members of the cement oligarchy double down on their profitability in 2025, supported by a about 35% year-on-year increase in cement price per tonne in the Nigerian market.

Nigeria’s volume sold was flattish, but the group’s earnings before interest, tax, depreciation and amortisation supported the improved performance. Volume sold in the key African market declined by about 2%.

In 2025, revenue from Nigeria surged 34.8% to N2.956 trillion, while Pan-African sales fell 1.7% year-on-year to N1.455 trillion. The group’s total revenue increased by 20% to N4.306 trillion.

The cement company’s earnings per share grew by 101.3% year-on-year to N59.86, according to figures released on the stock market.

“A final dividend of N45 per share, subject to the appropriate withholding tax and approval, will be paid to shareholders whose names appear in the Register of Members at the close of business on Wednesday, June 17, 2026.

“By Thursday, July 2, 2026, dividends will be paid electronically to shareholders whose names appear in the Register of Members as of Wednesday, June 17, 2026”, the cement company said in its regulatory disclosure. MTN Becomes Most Valuable Listed Company in Nigeria