4 hours ago
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BY MOTOLANI OSENI
Investors are closely watching Dangote Cement Plc as its market valuation steadies at N7.424 trillion on the Nigerian Exchange ahead of a proposed N30 per share dividend, which is set for distribution on June 23, 2025, pending shareholder approval.
The company’s board has recommended the payout based on its strong 2024 earnings, and if endorsed at the annual general meeting, it will mark one of the largest single dividend disbursements by a Nigerian listed firm this year.
The lion’s share of the dividend will go to Dangote Industries Limited, the dominant shareholder with over 14.6 billion shares—about 87 per cent of the company’s total outstanding shares—excluding direct holdings by its chairman, Alhaji Aliko Dangote, and other directors.
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With the qualification date set for June 9, the stock is attracting renewed interest as market players position for potential gains ahead of the payout. While the stock has shed some of its value amid recent sell-offs, now trading at a 25.56 per cent discount to its 52-week high, analysts see a compelling rebound opportunity.
Cordros Securities Limited has revised its outlook on the company, citing a robust Q1 2025 performance that saw revenue rise 21.7 per cent year-on-year, largely fuelled by a 30.5 per cent increase in prices.
This helped drive an 83.9 per cent surge in earnings per share, prompting the firm to raise its target price for Dangote Cement by 18.1 per cent to N542.98 from N459.65, with a new rating of “Buy” and an estimated 25.7 per cent upside from the current reference price of N432.00.
Looking ahead, Cordros now forecasts a full-year 80.3 per cent jump in earnings per share to N53.61, projecting an even stronger N50.00 per share dividend, setting expectations for another round of solid investor returns. As dividend season approaches, market sentiment around Dangote Cement is shifting from cautious optimism to bullish anticipation.
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