Dangote Cement Valued at N7.4trn Ahead of N30 Dividend Payment
Dangote Cement Plc market value steadied at N7.424 trillion in the equities market ahead of June 23 dividend payment, details from the Nigerian Exchange (NGX) rtrading platform evealed.
The cement company said in a regulatory filing that “if shareholders at annual general meeting approved the dividend recommended by the directors, dividends will be paid on June 23, 2025”.
The cement company’s board of directors proposed to pay shareholders N30 per share as dividend for 2024 earnings performance. The huge part of the total dividend proposed will be paid to Dangote Industries Limited, which own 14,621,387,610 or about 87% the company’s shares outstanding.
Dangote Industries shareholdings exclude Aliko Dangote, its chairman’s direct interest in the company, and there are others directors who have some sizeable stakes in the group. Details from the regulatory filling revealed that the cement company will pay dividend to shareholders whose names are registered in the company register of members at the close of business on June 9, 2025.
Market anticipates potential demand for Dangote Cement Plc shares ahead of its qualification day to boost its market price.
The company lost its position as the most valuable listed brand in Nigerian stock market following selling rallies. Activities of sell side actors in the local bourse plunged Dangote Cement Plc share priced downward, trading at 25.56% discount to its 52-week high.
Cordros Securities Limited analysts revise 2025 outlook on Dangote Cement following its upbeat earnings performance in the first quarter of 2025. In Q1, the company reported a 21.7% year on year increase in revenue, largely driven by a significant 30.5% rise in prices – which supported its 83.9% growth in earnings per share.
On the back on an improved earnings performance, analysts raised Dangote Cement target price by 18.1% to N542.98/s from N459.65/s, and ratings was upgraded to buy with a 25.7% upside from the reference price of N432.00/s.
Equities analysts at Cordros Securities Limited now forecast an 80.3% year on year growth in earnings per share to N53.61 and a dividend per share of N50.00. #Dangote Cement Valued at N7.4trn Ahead of N30 Dividend Payment Dangote, Jaiz Bank Drive Intraday Loss in Equities Market
