Dangote Cement has paid more dividends to shareholders in the last five years than any other listed entity on the Nigerian Stock Exchange.
Africa’s leading cement manufacturer, Dangote Cement has recommended a total dividend payout of N272.65 billion from the profits made in 2020.
According to data from Nairalytics, the research arm of Nairametrics, the cement behemoth has now paid a total of about N1.14 trillion in dividends since 2016.
Dangote Cement is majority-owned by Dangote Industries Limited (DIL) with about 85% ownership of the outstanding shares of the company. Africa’s richest man, Aliko Dangote owns nearly all of DIL. Thus, we estimate over 90% of the dividends paid over the last 5 years were paid to the billionaire investor.
The company has maintained a regular dividend of N16 per share in the last three years and a dividend payout ratio that averages 99% over the last 5 years with 2019 being the highest with about 136% in the dividend paid out of profits.