Investors hoping for a bigger payday from Dangote Cement’s 2024 earnings just got a reality check: the dividend remains stuck at N30 per share, unchanged from 2023.
At first glance, this signals stability after all, the company delivered a 10.46% jump in post-tax profit to N503.25 billion and a 62.16% surge in revenue to N3.58 trillion, backed by strong retained earnings of N1.027 trillion.
But for investors who watched Dangote Cement’s stock soar 115% in Q1 2024, only to see a sluggish 0.25% YtD return as of February 2025, the real question is: Will this dividend reignite another rally in Q1 2025 and beyond?