Dangote Cement Plc has received approval from its shareholders to explore a secondary listing of its shares on the London Stock Exchange (LSE) or another internationally recognised stock exchange. The decision was endorsed during the company’s 17th Annual General Meeting (AGM) held in Lagos.
The proposed international listing is part of the company’s long-term expansion strategy and is expected to strengthen its global presence while attracting more international investors. Shareholders expressed confidence that the move would improve the company’s visibility in global financial markets and increase the value of its shares.
At the meeting, shareholders also praised the company’s decision to pay a total dividend of about N753.8 billion, representing N45 per share. The payout follows Dangote Cement’s impressive financial performance in 2025 and reflects its continued commitment to rewarding investors.
The latest dividend further strengthens Dangote Cement’s reputation as one of the most rewarding companies listed on the Nigerian Exchange (NGX). Over the past 15 years, the company has paid more than N3.3 trillion in dividends, making it one of Nigeria’s leading wealth creators for long-term investors.
Speaking on behalf of shareholders, the National Chairman of the New Dimension Shareholders Association, Patrick Ajudua, described the proposed London Stock Exchange listing as a major achievement for the company. He explained that shareholders strongly supported the plan because it would increase Dangote Cement’s international recognition and make its shares more attractive to global investors.
According to him, the international listing would also broaden the company’s shareholder base while promoting stronger corporate governance and regulatory compliance. He noted that shareholders remain confident in the company because of its consistent dividend payments and its ability to deliver value over the years.
Chairman of Dangote Cement, Emmanuel Ikazoboh, said the increase in dividend demonstrates the company’s determination to reward investors for their continued trust and loyalty.
He stated that the company remains committed to creating sustainable value for all stakeholders through disciplined financial management and responsible capital allocation. He added that the strong dividend reflects the strength of the company’s business model and its confidence in future growth.
Group Managing Director and Chief Executive Officer, Arvind Pathak, also attributed the higher dividend to Dangote Cement’s solid financial performance and healthy cash position. He explained that increasing the dividend by 50 percent to N45 per share shows the company’s strong earnings and ability to generate cash while continuing to invest in future growth.
Pathak said Dangote Cement remains focused on expanding its operations across Africa through strategic investments. In 2025, the company commissioned a new 3-million-tonne-per-year grinding plant in Côte d’Ivoire, increasing its total production capacity to 55 million tonnes annually across 11 African countries.
He added that the company is working towards raising its installed production capacity to 80 million tonnes per annum by 2030. Alongside expansion, Dangote Cement plans to improve operational efficiency, increase exports, strengthen sustainability efforts, and continue delivering attractive returns to shareholders.
With its expansion plans, strong financial results, and consistent dividend record, Dangote Cement continues to position itself as one of Africa’s leading manufacturing companies and a preferred investment choice for both local and international investors.
