Dangote Cement Pays NGN30.98bn interim dividend

Dangote Cement Pays NGN30.98bn interim dividend
Published: 27 November 2010

Dangote Cement Plc, a member of the Dangote Group has announced an interim dividend of NGN30.98bn (US$206m) for the period ended September 30, 2010.

The interim dividend is part of the group’s strategies of enhancing and growing shareholders’ value through consistent dividend payment.

The interim dividend also fulfills the promise by the directors of the company to pay an interim dividend to shareholders.

Dangote Cement is the product of a merger between Dangote Cement Plc and Benue Cement Company Plc (BCC). The merger resulted in the larges concern listed on the Nigerian Stock Exchange (NSE).

In the review period, the enlarged company reported a turnover of NGN146.56bn.

According to the un-audited financial results, turnover rose by NGN55.26bn or 37.71 per cent when compared to turnover value of NGN91.30bn posted in the corresponding period of 2009.