Shareholders of Dangote Cement shared N1trn dividends in 7 years

Being a shareholder of Dangote Cement Plc must have been rewarding as the company disclosed that it has paid over N1 trillion as dividend to its shareholders in the last seven financial years. According to Guillaume Moyen, the company’s group financial officer, Dangote Cement had succeeded growing the wealth of its shareholders as it focused on growing the Nigerian economy over the years. A breakdown of the seven-year dividend history gleaned from the company’s financial statements indicated that N51.1 billion was paid in 2013, N119.3 billion in 2014, N102.2 billion…

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NSE admits N100bn Dangote Cement bonds

Michel Puchercos, dangote cement, NSE, bond

The Nigerian Stock Exchange has listed Dangote Cement Plc’s N100 billion, five years 12.50 per cent fixed rate series 1 senior unsecured bonds due 2025 under the N300 billion debt issuance programme. The NSE, in a statement by Godstime Iwenekhai, the Head, Listings Regulation Department, said the bonds were 100 per cent subscribed. Dangote Cement recently announced the successful issuance of N100 billion bonds, which it said was 1.5 times oversubscribed. Book building with respect to the issuance commenced on April 3, 2020 following the approval from the Securities and…

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