Dangote Cement named dividend paying company of the year, edges out two other heavyweights 

This year’s ceremony, themed “Capital Market as a Catalyst for Nigerian Economic Transformation,” celebrated companies making significant contributions to the country’s economic progress.

Dangote Cement was awarded the Dividend Paying Company of the Year, ahead of other nominees including Nigerian Aviation Company and Airtel Africa—recognizing its record of solid shareholder returns.

The company has established a strong reputation for rewarding its shareholders with consistent and robust dividends.

The dividend, subject to withholding tax, will be paid on Monday, June 23, 2025, to shareholders whose names appear in the company’s register as of Monday, June 9, 2025.

The company has a price-to-earnings (P/E) ratio of 12.22x, significantly lower than the industry average of 41.81x, suggesting the stock may be undervalued

Dangote Cement Plc released its unaudited financial results for the first quarter ended March 31, 2025, reporting a strong pre-tax profit of N311.974 billion—an impressive 87.48% increase compared to the N166.404 billion posted in Q1 2024.

Revenue from the Nigerian market jumped to N696.042 billion, boosting its share of total group revenue from 55.41% in Q1 2024 to nearly 70% in Q1 2025.

On the expense side, fuel and power costs remained a major factor, totaling N177.193 billion.

Importantly, cost of sales grew more slowly than revenue, helping to lift both gross profit and gross margin, which climbed to 59%—a 15 percentage point rise compared to last year.