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Nairaland Forum / Nairaland / General / Business / Dangote Cement’s N179 Billion Dividend Excites Shareholders (5657 Views)
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Dangote Cement’s N179 Billion Dividend Excites Shareholders by Nwaforj44: 2:40am On Jun 21, 2018 |
Shareholders of Dangote Cement Plc (DCP) yesterday approved the N178.9 billion dividend recommended for the year ended December 31, 2017 and commended the board and management for the impressive performance despite the challenging operating environment. The cement company, which is the biggest firm listed on the Nigerian Stock Exchange (NSE) ended 2017 with a profit after tax of N204.2 billion, up by 43 per cent from N142.9 billion in 2016. Based on that improved bottom-line, the board recommended a dividend of N178.9 billion, which translated to N10.50 per share, up from N8.70 the previous year. Speaking at the 7th annual general meeting (AGM) of the company in Lagos, the excited shareholders said DCP had continued to create value for them, urging the board and management to maintain that leading performance going forward. Specifically, DCP recorded a revenue of N805.6 billion, up by 31 per cent from N615.1 billion in 2016. Profit before tax rose by 60.1 per cent from N180.9 billion to N298.6 billion, while profit after tax grew by43 per cent to N204.2 billion, from N142.9 billion in 2016. In his address to shareholders, Chairman of DCP, Alhaji Aliko Dangote said the board believed that the recommended dividend is at an appropriate level and was consistent with the company’s aim of delivering superior returns to shareholders, while at the same time balancing the company’s need to invest in growth. He said as a company, DCP was accorded international credit ratings that were actually higher on a standalone basis than the sovereign country of Nigeria. “This recognition should assure you, our shareholders, that our long-term view and prudent management are serving us well at a time when others in our industry are facing difficulties that challenge their independence and only serve to erode shareholder value,” he said. Also speaking, the Acting Chief Executive Officer of DCP, Joseph Makoju said he was pleased with the way the company adapted to marketing efforts to the challenges in the Nigerian economy in 2017. Looking ahead, Makoju said the company would return to volume growth, particularly in Nigeria as the economy recovers and the higher oil price brings more cash into the country. “We will continue to focus on improving sales and logistic so we are well prepared for when the market picks up, which we are confident it will in 2018 as infrastructure investment begins to accelerate,” Makoju said. http://www.akelicious.net/2018/06/dangote-cements-n179-billion-dividend.html
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Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by EddieCAD(m): 7:02am On Jun 21, 2018 |
How do I become a shareholder at Dangote Cement Company Nig. Ltd? 3 Likes |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by Pabloosas(m): 7:03am On Jun 21, 2018 |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by Alejoc(m): 7:03am On Jun 21, 2018 |
Too much money! |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by Ellabae(f): 7:03am On Jun 21, 2018 |
Good for them. |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by Odingo1: 7:04am On Jun 21, 2018 |
Monopoly business, that is why there is no job in Nigeria, one man being backed by FG as sole market ownership by closing down other competitors. 9 Likes |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by CodeTemplar: 7:10am On Jun 21, 2018 |
Pathetic monopoly business. Cement is most expensive in Nigeria. |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by Abdulnur(m): 7:12am On Jun 21, 2018 |
The rich get richer, the poor just wail. |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by Abdulnur(m): 7:12am On Jun 21, 2018 |
Odingo1:Boycott Dangote cement na |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by frankobaba(m): 7:13am On Jun 21, 2018 |
Na Waaaaaaa Ohhhhhh |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by TalkTalkTwins(m): 7:16am On Jun 21, 2018 |
[img]https://i./9k9k.gif[/img] |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by omenkaLives(m): 7:18am On Jun 21, 2018 |
I'm begining to think it's about time one sank some coins into this company.. Always seem to make shareholders smile to the bank. 2 Likes |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by dangotesmummy: 7:20am On Jun 21, 2018 |
EddieCAD:speak to my son 2 Likes 1 Share |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by rozayx5(m): 7:20am On Jun 21, 2018 |
the rich getting richer no news here |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by Guycredit: 7:22am On Jun 21, 2018 |
Read my signature... Feel free to call me. |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by middlebelter(m): 7:22am On Jun 21, 2018 |
EddieCAD: Bring your money, we will open account for you and help you buy the share so that you can participate in next year dividend. |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by bashir1451(m): 7:23am On Jun 21, 2018 |
Which one b all this long english na? Just get straight to the point; The richest man s just gotten richer.
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Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by BuhariDcow: 7:23am On Jun 21, 2018 |
I |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by deenee: 7:25am On Jun 21, 2018 |
Odingo1: Market leader not Monopoly. There are also other cement manufacturers that have same opportunities 1 Like |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by ultron12345: 7:29am On Jun 21, 2018 |
Odingo1:shut up if u have nothing to say, is there not lafarge and bua cement. Elephant and UNICEM nko 2 Likes |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by XingXhang(m): 7:34am On Jun 21, 2018 |
People are building houses then Mine is on the way |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by DonFreshmoney(m): 7:38am On Jun 21, 2018 |
As a minor shareholder, my minimum dividend I was told will recieve is between N4-7 million.. |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by Johnrake69: 7:39am On Jun 21, 2018 |
deenee: Dangote controls atleast 60% of the market. He determines the price of cement in Nigeria. So what does that make him? |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by Nobody: 7:52am On Jun 21, 2018 |
What dangote is doing in Nigeria is not biz. How I wish there will arise a government that will open doors to small scale biz to grow. We all hail and praise him but he single handedly pocketed the Nigerian biz. Is he not from the north again. We scream and shout but they rule and control us till tomorrow. Biz,politics,population,security apparatus,nnpc,name them. And me and my fellow southerners are busy liking their nyash. They are subtly and aggressively championing an Islamic Nigeria funded by these billionaires through oil from the south and we are very comfortable with such. It might take time but my ethnic group will secede from them. The rest that feels comfortable with what is going on can continue. |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by ebuzchief(m): 8:06am On Jun 21, 2018 |
dangotesmummy:add your money in my account you are there. |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by lonelydora: 8:09am On Jun 21, 2018 |
Dangote, my mate in few years to come |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by dangotesmummy: 8:10am On Jun 21, 2018 |
Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by Nealson(m): 8:23am On Jun 21, 2018 |
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Re: Dangote Cement’s N179 Billion Dividend Excites Shareholders by Patosky4U: 8:26am On Jun 21, 2018 |
Who God have bless!! Nobody can curse!!! Dangote I will be richer than you one day. |
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