Dangote Cement Plc’s shareholders have approved a final dividend of N30 per share for the 2024 financial year.

This amounts to a total payout of N506.21 billion, representing a dividend yield of 6.81% based on the current share price of N440.

Since 2018, the company has consistently paid dividends above N10 per share, increasing the payout to N16, which it sustained through 2022.

In 2023, the dividend was raised to N20, and later to N30 for that financial year.

That upward momentum has continued into FY 2024, with the company maintaining the N30 dividend benchmark.