By Nneka Nwogwugwu
Shareholders of Dangote Cement Plc on Wednesday has approved N272.6 billion as dividend, translating to N16 per share for the year ended December 31, 2020.
The 16 per cent increase in the company’s revenue led to a 36 per cent increase in its earnings per share of N16.14 as against N11.29 in 2019.
The shareholders at the virtual 12th Annual General Meeting (AGM) held in Lagos.
Speaking on behalf of shareholders, the founder, Independent Shareholders Association of Nigeria, Sir Sunny Nwosu commended the company for attaining a trillion-naira revenue growth, saying that the Company is moving in the best way of corporate governance.
Chairman of the company, Aliko Dangote, assured the shareholders of better returns always, noting that the company is doing everything possible to create wealth for its that the board is considering all strategic and financial options for the company, the Vanguard reports.
“We will continue to improve our efforts in sustainability by applying ‘The Dangote Way’ to the seven Sustainability Pillars of our business culture and operations. We are also focused on increasing capacity in the Nigerian market and building grinding plants across West and Central Africa to be fed clinker from Nigeria.”
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