As a result, the company rewarded its shareholders with a final dividend distribution of N340.81 billion ($819.2 million) in 2022. Dangote, who owns an 86-percent stake in the company, received a dividend of $725.2 million, which represents the majority of the payout.
Investors expect Dangote Cement to reduce its dividend in 2023 due to a significant decline in earnings in the first nine months of 2022.
Investors expect Dangote Cement to reduce its dividend in 2023 due to a significant decline in earnings in the first nine months of 2022.