Dangote cement proposes final dividend of n16 per share
A great piece of news!
Dangote Cement Plc, one of the largest cement manufacturers in Africa, has proposed a final dividend of N16 per share to its shareholders. This is a significant development, as it indicates the company's strong financial performance and commitment to rewarding its investors.
Here are some key details about the proposed dividend:
- Final dividend: The proposed dividend is a final dividend, which means it is the last dividend payment for the year.
- Amount: The dividend amount is N16 per share, which is a significant increase from the previous year's final dividend of N10 per share.
- Total dividend: The total dividend payment for the year will be N32 per share, considering the interim dividend of N16 per share paid earlier.
- Record date: The record date for the dividend payment is March 24, 2023.
- Payment date: The dividend will be paid on April 14, 2023.
This dividend proposal is a testament to Dangote Cement's strong financial performance, driven by its strategic initiatives, operational efficiency, and growing demand for cement in Africa and other regions. The company's commitment to rewarding its shareholders is also a positive sign for investors.
It's worth noting that the dividend proposal is subject to the approval of the company's shareholders at its upcoming Annual General Meeting (AGM).