The Group Managing Director of Dangote Cement Plc, Mr Arvind Pathak, says the company has paid more than N3.3 trillion in dividends to shareholders over the past 15 years.
Pathak disclosed this at the company’s 17th Annual General Meeting on Thursday in Lagos.
He said the milestone reflected the company’s commitment to creating sustainable value for investors.
According to him, shareholders will receive a record dividend of N45 per share for the 2025 financial year, representing a 50 per cent increase from the N30 per share paid for 2024.
“The decision to increase our dividend by 50 per cent to N45 per share demonstrates the strength of Dangote Cement’s earnings capacity and cash generation capability.
“The latest dividend announcement reflects the strength of our business model, resilient financial performance and a disciplined approach to balancing expansion with superior returns to shareholders.
“Over the years, investors have benefited not only from robust dividend payments but also from significant capital appreciation in the company’s stock,” he said.
Pathak said the company’s growth strategy remained focused on expanding production capacity, improving operational efficiency and strengthening its pan-African footprint.
He said Dangote Cement was targeting an installed production capacity of 80 million tonnes per annum by 2030 through strategic investments across Africa.
According to him, the company commissioned a three million tonnes per annum (3Mta) grinding plant in Côte d’Ivoire in 2025, further strengthening its presence in West Africa.
“With this addition, Dangote Cement now operates fully commissioned assets in 11 African countries, with a total installed capacity of 55Mta, comprising 33.5Mta in Nigeria and 19.7Mta across our pan-African operations,” he said.
Pathak reiterated the company’s commitment to making Africa self-sufficient in cement and clinker production while sustaining strong returns for shareholders.
Also speaking, the Chairman of Dangote Cement Plc, Mr Emmanuel Ikazoboh, reaffirmed the company’s commitment to delivering consistent returns to shareholders while maintaining high standards of corporate governance and operational excellence.
Ikazoboh said the company would continue to pursue strategies that enhanced profitability, strengthened corporate governance and created sustainable value for all stakeholders.
He noted that Dangote Cement had built one of the most impressive dividend records on the Nigerian Exchange.
He recalled that the company previously increased its dividend by 50 per cent from N20 to N30 per share, demonstrating its consistent commitment to rewarding shareholders despite challenging economic conditions.