Dangote Cement Approves N45 Dividend after shareholders backed a N753.8bn payout as the company targets 80 million tonnes capacity by 2030

Dangote Cement Plc shareholders have approved a final dividend of N45 per ordinary share for the 2025 financial year, taking the company’s total dividend payout to a record N753.8 billion, as the cement giant begins a fresh expansion drive aimed at increasing production capacity to 80 million tonnes by 2030.

Also read: Ajibade Ready for WAFCON 2026 Title Defence

The approval was granted at the company’s 17th Annual General Meeting in Lagos, where directors outlined plans to strengthen Dangote Cement’s position across Africa through increased production, cleaner energy adoption, export growth and improved operational efficiency.

Chairman of Dangote Cement Plc, Emmanuel Ikazoboh, said the company’s long-term strategy was focused on using Africa’s resources to support sustainable industrial development and reduce reliance on external supply chains.

The record payout follows strong shareholder confidence in the company’s financial performance and future expansion plans. The Dangote Cement Approves N45 Dividend decision represents a significant return for investors while the company continues investing in infrastructure and production capacity.

National President of the Association for the Advancement of the Rights of Nigerian Shareholders, Dr Faruk Umar, praised Dangote Cement’s broader vision of strengthening Africa’s economic independence through local industrial development.

“The key thing for this year’s AGM is transforming Africa. You will notice that our founder is trying to ensure he positions Africa to be the source of our own wealth, using our own wealth to take care of our own business and activities, rather than depending on investors from other parts of the world coming to help us build our continent,” Umar said.

He added that the company’s increased dividend reflected deeper strategic investments, particularly in exports and market expansion.

“This 50 per cent dividend increase may look like a rumble, but there is a lot of strategy that has gone behind it,” Umar said.

Dangote Cement said it is also improving efficiency by investing in compressed natural gas-powered trucks and alternative energy sources aimed at reducing transportation and production costs.

The company’s Group Managing Director, Arvind Pathak, said growth in exports, logistics and operational improvements had supported the company’s performance and would remain central to future expansion.

“We intend to grow from 55 million tonnes to 80 million tonnes,” Pathak said, outlining the company’s plan to increase production capacity by 25 million tonnes in line with Dangote Group’s Vision 2030.

Shareholder and financial analyst Mr Nornah Awoh commended the company’s financial discipline, highlighting the deployment of 3,000 CNG trucks and a reduction in bank borrowings as important contributors to profitability.

Awoh said the company’s stronger financial position, expanding African footprint and improved logistics network demonstrated long-term sustainability beyond dividend payments.

“The media needs to help us understand that a dividend is not the only benefit of an investment. There are instances where a company will pay you a massive dividend this year, but it won’t even exist in the next 50 years,” he said.

He noted that Dangote Cement’s expansion into markets including Côte d’Ivoire and Tanzania, alongside its relationship with the wider Dangote industrial ecosystem, would support future growth.

Awoh also highlighted the company’s profitability milestone, noting that Dangote Cement’s earnings had crossed N1 trillion while its share price had surpassed N1,000 for the first time.

Also read: Ajibade Ready for WAFCON 2026 Title Defence

The company said its continued investments in production, energy efficiency and regional expansion are designed to create long-term value for shareholders while supporting Africa’s growing demand for construction materials.