{"id":21502,"date":"2024-03-02T16:59:24","date_gmt":"2024-03-02T16:59:24","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=21502"},"modified":"2024-03-02T16:59:24","modified_gmt":"2024-03-02T16:59:24","slug":"dangote-cement-shareholders-to-receive-50-dividend-increase","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/03\/02\/dangote-cement-shareholders-to-receive-50-dividend-increase\/","title":{"rendered":"Dangote Cement Shareholders To Receive 50% Dividend Increase"},"content":{"rendered":"<p>Dangote Cement, Plc, has proposed a 50% increase in dividend payout to shareholders, raising it to N30 per share for the year ended December 31, 2023.<\/p>\n<p>This move reflects the company&#8217;s resilience and promising prospects for investors, as highlighted by Chairman Aliko Dangote&#8217;s commitment to enhancing returns on investments.<\/p>\n<p>Despite challenging economic conditions, the company reported impressive financial results, with group revenue rising by 36.4% to \u20a62,208.1 billion and profit after tax increasing by 19.2% to \u20a6455.6 billion.<\/p>\n<p>Earnings per share also saw significant growth, up by 18.8% to \u20a626.47. Dangote Cement is expanding its market share across Africa, with pan-Africa volumes increasing by 12.7% to 11.3Mt.<\/p>\n<p>The Group Managing Director, Arvind Pathak, attributed this positive outcome to the strength of the company&#8217;s diversified operations and its focus on cost containment strategies.<\/p>\n<p>Looking ahead, Dangote Cement aims to enhance its value proposition through the production of high-quality cement and delivering sustainable value to stakeholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dangote Cement, Plc, has proposed a 50% increase in dividend payout to shareholders, raising it to N30 per share for the year ended December 31, 2023. This move reflects the company&#8217;s resilience and promising prospects for investors, as highlighted by Chairman Aliko Dangote&#8217;s commitment to enhancing returns on investments. Despite challenging economic conditions, the company [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":21503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-21502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/21502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=21502"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/21502\/revisions"}],"predecessor-version":[{"id":21504,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/21502\/revisions\/21504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/21503"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=21502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=21502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=21502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}