Dangote Cement Unclaimed Dividend Jumps to N5.2bn
Dangote Cement Plc. has revealed that its shareholders unclaimed dividend has increased by about 10.64% year on year to N5.2 billion as of Dec, 2024. In its audited financial statement for the year, the cement company drop a hint in its note to the account that total unclaimed dividends outstanding as of 31st December 2024 reached ₦ 5.2billion from ₦4.7 billion in 2023.
The company said shareholders with unclaimed share certificates or dividends should address their claims to Coronation Registrars Ltd registrars. Its board of directors announced N30 dividend for 2024 earnings season, the same amount paid in the corresponding year 2023.
The group said its directors pursue a dividend policy that reflects the Company’s earnings and cash flow, while maintaining appropriate levels of dividend cover. It noted that the boards consider the capital needed to fund the Company’s operations and expansion plans. For the 2024 financial year, the Directors recommend a dividend of ₦30.00 per ordinary 50 kobo share.
The Board considers that the proposed dividend is appropriate and is in line with the Company’s strategic growth objectives.
“If the shareholders approve this dividend at the Annual General Meeting, dividends will be paid to the shareholders whose names are registered in the Company’s Register of Members at the close of business on the Qualification Date”, Dangote Cement said in its regulatory filing. #Dangote Cement Unclaimed Dividend Jumps to N5.2bn Naira Exchange Rates Switch Positions in FX Markets
