Dangote Cement Proposes Final Dividend of N16 Per Share for 2020

The board of directors of the leading cement manufacturer in Africa, Dangote Cement Plc, has proposed a final dividend of N16 per share following a declaration of N276.068 billion profit after tax for the period ended 31, December 2020.

The most capitalised listed company on the Nigerian Stock Exchange (NSE) said payment will be made to shareholders whose names appear in the Register of Members as at the close of business on April 27, 2021.

Dangote Cement will make payment electronically to shareholders on May 27, 2021. The shareholders must have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

However, shareholders “who are yet to complete the e-dividend registration are advised to complete the Registrar’s E-Mandate Activation Form, which is available at www.dangotecement.com and www.coronationregistrars.com, and submit it to the Registrar or their respective banks,” the company stated in a statement signed by Edward Imoedemhe, deputy company secretary, Dangote Cement Plc.

Dangote Cement reported N1.034 trillion revenue for 2020, up from N891.671 billion recorded a year ago. Gross profit grew to N596.226 billion from N511.682 billion in 2019.