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HomeNewsDangote Cement Pays N3.3trn Dividend, N520bn Tax In 15 Years

Dangote Cement Pays N3.3trn Dividend, N520bn Tax In 15 Years

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Dangote Cement Plc has announced that it paid N3.3 trillion in dividends to its shareholders over the last 15 years.

It has also paid over N520 billion tax to the Federal Government.

The company made this known on Wednesday during its “Facts Behind the Figures” presentation at the Nigerian Exchange Ltd. (NGX) in Lagos.

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Mr Emmanuel Ikazoboh, the new Chairman of Dangote Cement, who succeeded Alhaji Aliko Dangote, assured shareholders of sustained returns on their investment.

He said the company would continue to pursue its vision of making Africa self-sufficient in cement and clinker production.

He said: “In the last 15 years, we have paid a total dividend of N3.3 trillion to our shareholders and we assure you all of sustained returns on your investments.

“To our investors, you have my unwavering commitment to safeguarding and growing your investment.

“To our regulators and market operators, you have my pledge of continued partnership and adherence to governance standards that lead rather than follow.

“To our employees and partners, you have my gratitude and my assurance that our collective strength will propel us to achievements we haven’t yet imagined.”

Also speaking, Mr Jude Chiemeka, Chief Executive Officer of NGX Ltd., described Dangote Cement as one of the most outstanding commercial entities listed on the Exchange.

According to him, the company had also paid over N520 billion tax to the Federal Government.

He note that the company currently form 9 percent of the Exchange’s over N88 tillion market capitalisation.

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