• About
  • Advertise
  • Contact
Saturday, May 31, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Business

Dangote Cement Shareholders okay increase in dividend by 25% to N20 per share

Vital News by Vital News
June 15, 2022
in Business
0
Share on FacebookShare on Twitter

Lagos – Shareholders of Dangote Cement Plc have commended the management of the company for an impressive performance in spite of the economic challenges in the year under review.

The shareholders gave the commendation at the 13th Annual General Meeting (AGM) held in Lagos on Tuesday.

Unanimously, the shareholders approved N20 per share for the year ended December 31, 2021 as against the N16 paid in the preceding year.

This represents a 25 per cent increase in dividend compared to the 2020 dividend of N16.00 per share, reinforcing the company’s commitment to maximising shareholder value.

They also applauded the company for its efforts in reducing unclaimed dividends of the company.

RelatedStories

Dangote Cement Rewards Distributors, Customers With CNG-Trucks, N11billion Cash At Awards Nite

Brand Africa : Dangote Beats MTN, DSTV, AZAM To Emerge Most Admired African Brand

At TIME100 Impact Dinner, Dangote Pledges More Investments To Uplift Vulnerable Populations

Food Security : Dangote Building Nigeria’s Largest Rice Mill In Niger, Backs Food Initiative

Dangote Cement in the year under review achieved its highest profit before tax in its history at N538.4 billion.

Also, the Company recorded Group volumes of 29.3Mta, up 13.8 per cent. Exceptional EBITDA of N684.6 billion was achieved, up by 43.2 per cent, owing to strong cost control measures.

Chairman of the company, Aliko Dangote, said that “Over the last decade, Dangote Cement has recorded exponential growth across all areas.”

According to him, Group volumes are now at almost 30Mta, our capacity has tripled to 51.6Mta and we export cement from five countries across Africa.

“As the volatile global environment propels us into a new era of uncertainties, we are fortunate that the last two years have taught us resilience, adaptability and grit. These values are what we need to face unpredictable times in the future.

“Dangote Cement remains the leading cement company in Africa, well-positioned for a positive and sustainable future. We are resolute in transforming Africa, while creating sustainable value for our stakeholders.”

Dangote said in January 2022, the Company completed the second tranche of its buy-back programme as Dangote Cement has now repurchased 0.98 per cent of its outstanding shares, saying this share buy-back programme reflects the Company’s unwavering commitment to creating value and identifying opportunities to return cash to shareholders.

He also noted that “We began operations in our new 3Mta Okpella plant in Edo state in 2021, where we are successfully ramping up production and have contributed to creating a new industrial hub.

“We are actively deploying our alternative fuel strategy across all countries of operations, to optimise energy efficiency, reduce reliance on fossil fuels and ultimately reduce CO2 emission.

“Whilst we focused our efforts on meeting the robust demand of our local market in Nigeria, at the expense of our export markets, we still made significant progress in our cement and clinker exports.

“In 2021, we exported seven ships of clinker out of Nigeria and exported cement from five of our operations.

“Our vision is for West and Central Africa to be cement and clinker self-sufficient, while making the regional and continental free trade agreements a reality.”

He added that along with the Company’s focus on strategy, it made progress on the effectiveness and diversity of its Board with the appointment of Ms. Halima Aliko-Dangote to the Board as a Non-Executive Director effective 26th February 2022, bringing female Board representation to 27 per cent, from 20 per cent in 2020 in addition to the six different nationalities and five independent non-executive directors on our Board.

He emphasised “We continue our sustainability and governance efforts with our 7 Sustainability Pillars – ‘The Dangote Way’. The 7 Pillars: cultural, economic, institutional, financial, environmental, operational and social, provide the appropriate framework in which we have embedded our corporate values and strategic objectives.”

He said “Our strategy in 2021 focused on energy transition, which is a crucial enabler of sustainable development and climate resilience on the continent. We have increased our focus on alternative fuels in our energy mix. We are actively investing in installing mechanical multi-fuel systems that can process diverse types of wastes.”

Outlook for Dangote Cement in 2022, Group Managing Director/Chief Executive Officer of Dangote Cement, Michel Puchercos said “Our goal to be the partner of choice for those transforming Africa, while creating sustainable value for our stakeholders remains firm and clear.

“Despite operating in a challenging and fast-moving environment, Dangote Cement consistently delivers superior profitability to the shareholders. The robust demand experienced across the continent despite the COVID-19 related challenges, confirm the powerful potential of these markets.”

Tags: cementDividendsmeetingshareholders
Previous Post

Stakeholders rate Dangote Cement best in Africa 

Next Post

NDLEA Destroys 16.799 kg of Illicit Drugs worth N1 billion In Oyo

Vital News

Vital News

RelatedStories

Dangote Cement Rewards Distributors, Customers With CNG-Trucks, N11billion Cash At Awards Nite
Business

Dangote Cement Rewards Distributors, Customers With CNG-Trucks, N11billion Cash At Awards Nite

May 28, 2025
Brand Africa : Dangote Beats MTN, DSTV, AZAM To Emerge Most Admired African Brand
Business

Brand Africa : Dangote Beats MTN, DSTV, AZAM To Emerge Most Admired African Brand

May 25, 2025
At TIME100 Impact Dinner,  Dangote Pledges More Investments To Uplift Vulnerable Populations
Business

At TIME100 Impact Dinner, Dangote Pledges More Investments To Uplift Vulnerable Populations

May 23, 2025
Food Security : Dangote Building Nigeria’s Largest Rice Mill In Niger, Backs Food Initiative
Agriculture/ Water/ Mineral

Food Security : Dangote Building Nigeria’s Largest Rice Mill In Niger, Backs Food Initiative

May 23, 2025
Ododo, Minister, Other Stakeholders Laud Kogi’s Groundbreaking Annual Media Repor
Business

Kogi Resolves Tax Dispute With MTN

May 22, 2025
Next Post

NDLEA Destroys 16.799 kg of Illicit Drugs worth N1 billion In Oyo

Anglican Synod calls for peaceful coexistence, prayers for Nigeria

Nigerian Footballer Found Dead Inside his Car in Italy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

INEC To Present Certificate Of Return To Senators-elect, House Of Reps Member-elect March 7, 8

INEC To Present Certificate Of Return To Senators-elect, House Of Reps Member-elect March 7, 8

2 years ago

Protesters Burn State APC Secretariat, Other Buildings In Jigawa

10 months ago
Police Ban Sanusi, Ado Bayero From Conducting Durbar Activities During Eid -el-kabir

Gunmen Kill Lagos Pastor In Kogi

6 months ago

No Threat To 2023 General Elections — I-GP

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death drugs Economy EFCC Election elections FG Fraud gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security Senate students Tinubu
No Result
View All Result

Highlights

NGF Expresses Sympathy, Solidarity As Flood Devastates Mokwa Community In Niger State

21 Die, 10 Missing In Niger Flood Disaster

Sidi Ould Tah Elected New President Of AfDB

President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

Midterm Performance : Taraba State Rated Least In IGR, Good Governance

School Wall Collapses On Students Writing WAEC In Taraba

Trending

Death Toll From Niger Flood Disaster Rises To 115,  Many Still Missing – NSEMA
Environment

Death Toll From Niger Flood Disaster Rises To 115, Many Still Missing – NSEMA

by Vital News
May 30, 2025
0

The Niger State Emergency Management Agency (NSEMA) says death toll from the flood disaster that recently ravaged...

INEC Fixes July 20 And  August 8, 2026 For Ekiti, Osun Governorship Elections

INEC Fixes July 20 And August 8, 2026 For Ekiti, Osun Governorship Elections

May 30, 2025
Kwara Community Unites Against Female Genital Mutilation, Declares Zero Tolerance

Kwara Community Unites Against Female Genital Mutilation, Declares Zero Tolerance

May 30, 2025
NGF Expresses Sympathy, Solidarity As Flood Devastates Mokwa Community In Niger State

NGF Expresses Sympathy, Solidarity As Flood Devastates Mokwa Community In Niger State

May 30, 2025
21 Die, 10 Missing In Niger Flood Disaster

21 Die, 10 Missing In Niger Flood Disaster

May 29, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Death Toll From Niger Flood Disaster Rises To 115, Many Still Missing – NSEMA May 30, 2025
  • INEC Fixes July 20 And August 8, 2026 For Ekiti, Osun Governorship Elections May 30, 2025
  • Kwara Community Unites Against Female Genital Mutilation, Declares Zero Tolerance May 30, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In