Dangote Cement has been crowned Dividend Paying Company of the Year at the maiden Nairametrics Capital Market Choice Awards, edging out industry players like Airtel Africa and the Nigerian Aviation Company. The award celebrates its consistent commitment to rewarding shareholders and supporting economic transformation.
- The award was presented during a Lagos ceremony themed "Capital Market as a Catalyst for Nigerian Economic Transformation."
- Dangote Cement has paid rising dividends since 2018—from ₦10 to ₦30 per share in 2024 (subject to shareholder approval).
- Group Head, Investor Relations, Temilade Aduroja, said the award underscores the company’s “dedication to sustainable value and disciplined capital allocation.”
- The company also recently clinched a Platinum Corporate Reporting Award by ICAN-NGX REGCO, ahead of top firms like MTN, GTCO, and Seplat.
- Its strong marks came from transparent financial reporting (35%), corporate governance (30%), and sustainability (35%).
Investors seem to have bet right on Dangote Cement. With one of the steadiest dividend payout records in Nigeria, the firm continues to shine, not just in cement output, but in rewarding loyalty. Its recent performance cements its status as a shareholder darling and a pillar of financial discipline in Nigeria’s volatile market
With a proposed ₦30 per share dividend for 2024 and a strong footprint across Africa, Dangote Cement remains one to watch, not just for cement, but for returns.
