Does Dangote Cement Pay Dividends to Shareholders?

Last checked: 11 October 2026. This guide explains how the dividend is declared, who qualifies, how it is paid and what is deducted. Dividend amounts are never guaranteed. Educational information only, not investment advice. Share prices change every trading day and you can lose money. Figures come from public reports and company filings as of early October 2026, so check current data before you act.

Yes. Dangote Cement pays a cash dividend to shareholders, and the company’s own share information page lists a payment every year from its 2010 listing to 2026. The most recent was ₦45 per share for the 2025 financial year, paid by 2 July 2026. But “does it pay dividends?” is only the first question. You also need to know how the payment works, when you must own the shares and what happens to the money before it reaches your account.

The latest dividend in detail

According to the company’s corporate action notice dated 27 February 2026, the final dividend for the year ended 31 December 2025 was ₦45 per share, subject to withholding tax and approval. Shareholders on the register at the close of business on Wednesday, 17 June 2026 qualified. The register was closed on 18 June, and payment was to be made electronically by Thursday, 2 July 2026. That was a 50 percent increase on the previous year’s ₦30. The dividend came after a record profit after tax of about ₦1.01 trillion and earnings per share of ₦59.86 for 2025, which means the dividend was about 75 percent of earnings.

How often does it pay?

The company’s table shows one cash dividend a year, a final dividend declared around February or March after the annual results, and paid a few months later. I did not find evidence of regular interim dividends in the company’s table, so do not expect a quarterly payment.

How the process works

1. Results and proposal. The board proposes a dividend with the annual results, usually in late February.
2. Approval. Shareholders approve it at the annual general meeting.
3. Qualification date. Only people on the register on this date receive the dividend. With T+1 settlement, buy early enough for the trade to settle before the date, and check the notice.
4. Payment date. Money is paid electronically to shareholders who have completed e-dividend registration.

Getting paid: the e-mandate

Dividends go straight to a bank account only if you have given your bank details to the company’s registrar, which is Coronation Registrars for Dangote Cement. The company urges holders to complete the e-mandate form online and publishes a list of unclaimed dividends, meaning money that has not been paid because shareholders have not provided details. If you hold through a broker or app, ask how the dividend will reach you, and keep your contact and bank details up to date.

Tax on the dividend

A 10 percent withholding tax is deducted before payment, and for most individual investors this is treated as the final tax on that income. On 100 shares, the ₦4,500 gross dividend becomes ₦4,050 after tax. Keep your payment records.

Is the dividend guaranteed?

No. A dividend depends on profit, cash needs and board and shareholder decisions. The company has a long record of paying, but its own table shows amounts have changed over time. For the 2024 financial year the dividend of ₦30 was slightly above earnings of ₦29.74 per share, a sign that payouts can stretch beyond profits in some years. A Nairametrics analysis estimated a possible dividend of ₦55 to ₦60 for 2026, based on first-half earnings. That is one analyst’s estimate and not a promise.

Common mistakes

• Buying after the qualification date and expecting that dividend.
• Not registering for e-dividend, so payments sit unclaimed.
• Assuming the yield you see is fixed. It changes with the share price.
• Buying only for the dividend and ignoring the share price risk.
• Forgetting that the company’s registrar, not a social media page, handles dividend questions.

What we could not confirm

• The 2026 dividend, which has not been announced and cannot be known now.
• Whether the company will start paying interim dividends. I found no sign of this.
• How your broker or app handles the dividend payment and any extra fees.

Frequently asked questions

When is the next dividend? The next final dividend would normally follow the 2026 annual results, likely announced in early 2027, but the company decides.

Do I get the dividend if I sell after the qualification date? Generally yes, if you were on the register on the qualification date, but check the notice and your broker’s records.

Key takeaways

Dangote Cement has paid a cash dividend every year, with ₦45 per share for 2025. You must be on the register by the qualification date, complete e-dividend registration and expect 10 percent withholding tax. Amounts can change, so never treat a dividend as guaranteed.

Sources checked

• Dangote Cement, corporate action announcement for the year ended 31 December 2025 (NGX filing, 27 February 2026)
• Dangote Cement, share information page (dividend history and unclaimed dividends)
• Investors King, ‘Dangote Cement Declares ₦45 Final Dividend After ₦1.01 Trillion Profit in 2025’
• Nairametrics, ‘How many Dangote Cement shares do you need for N10 million annual dividends?’ (7 September 2026)
• Tax NGR, ‘WHT on Dividends in Nigeria’
• Bamboo Learn, ‘Tax on Nigerian Stocks’