Dangote Cement named dividend paying firm of the 12 months, edges out two different heavyweights 

Dangote Cement has bagged the Dividend Paying Firm of the Yr on the lately concluded Nairametrics Capital Market Selection Awards, held on Might 23, 2025, in Lagos, Nigeria.

This 12 months’s ceremony, themed “Capital Market as a Catalyst for Nigerian Financial Transformation,” celebrated corporations making vital contributions to the nation’s financial progress.

Dangote Cement was awarded the Dividend Paying Firm of the Yr, forward of different nominees together with Nigerian Aviation Firm and Airtel Africa—recognizing its report of stable shareholder returns.

The corporate has established a robust fame for rewarding its shareholders with constant and strong dividends.

• Since 2018, the corporate has paid above N10 per share, growing the payout to N16 and sustaining it by way of 2022.
• In 2023, the dividend rose to N20 and was later raised to N30 for the 2023 monetary 12 months.
• That momentum has continued into FY 2024, with the corporate sustaining the N30 dividend, scheduled to be paid out in June 2025.

The dividend, topic to withholding tax, will probably be paid on Monday, June 23, 2025, to shareholders whose names seem within the firm’s register as of Monday, June 9, 2025.

What to know: 

• Dangote Cement’s closing dividend of N30 per share quantities to a complete payout of N506.206 billion.

• Based mostly on a share worth of N440, this represents a dividend yield of 6.81%.

• The ultimate dividend corresponds to a payout ratio of 100.59%.

The corporate has a price-to-earnings (P/E) ratio of 12.22x, considerably decrease than the business common of 41.81x, suggesting the inventory could also be undervalued

Q1 efficiency:  

Dangote Cement Plc launched its unaudited monetary outcomes for the primary quarter ended March 31, 2025, reporting a robust pre-tax revenue of N311.974 billion—a formidable 87.48% enhance in comparison with the N166.404 billion posted in Q1 2024.

• This stable profitability reported in its revenue assertion was pushed by strong income beneficial properties, supported by the corporate’s sturdy maintain on its market share.

Income from the Nigerian market jumped to N696.042 billion, boosting its share of complete group income from 55.41% in Q1 2024 to just about 70% in Q1 2025.

On the expense aspect, gas and energy prices remained a significant factor, totaling N177.193 billion.

Importantly, value of gross sales grew extra slowly than income, serving to to elevate each gross revenue and gross margin, which climbed to 59%—a 15 proportion level rise in comparison with final 12 months.

• On the steadiness sheet, the corporate’s retained earnings additionally grew considerably, rising to N1.2 trillion from N1.027 trillion a 12 months earlier.