Dangote Cement increases market share to N1.38tn, declares N20 dividend to shareholders

Dangote Cement Plc has declared N20 as final dividend to its shareholders for the year ended 31 December 2021.

The cement manufacturing giant achieved significant growth in its top line and bottom line figures for the year under review.

A turnover of N1.384 trillion was reported for the 12 months period, up by 33.79% from N1.034 trillion reported the previous year.

Profit after tax grew year on year by 32.01% to N364.439 billion from N276.068 trillion achieved in year 2020.

Earnings per share of the Group increased to N21.39 from the EPS of N16.02 achived the previous year.

At the share price of N273.50, the P/E ratio of Dangote Cement stands at 12.79x with earnings yield of 7.82%.

Dangote Cement proposed a final dividend of N20 per share, subject to the appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members as at the close of business on May 30, 2022.

The Register of Shareholders will be closed on May 31, 2022.

By June 15, 2022, dividends will be paid electronically to shareholders whose names appear in the Register of Members as at May 30, 2022 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

Source: Dangote Cement increases market share to N1.38tn, declares N20 dividend to shareholders – StocksWatch (stocksng.com)

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