Dangote Cement’s N144.8bn dividend delights shareholders [MUST READ]
Shareholders of Dangote Cement yesterday were full of praise for the board, management and staff of the company after hearing they had been handed a dividend pay-out of N144.8 billion, which translated to N8.50 kobo per share, as against the N8 per share that was paid in the corresponding period of 2015 . Speaking at the company’s annual general meeting (AGM) held in Lagos, the president, Amiable Shareholders Association of Nigeria, Festus Akano, said the shareholders were pleased with Aliko Dangote and his team. Akano said that for the company to still pay a robust dividend despite the recession in the economy, which also affected their operations, showed the doggedness and the fighting entrepreneurial spirit of its management. A statement from the Corporate Communication department of the Dangote Group quoted Akano as saying, “We are very happy and pleased with this result. 2016 was very tough with the recession and fluctuation in the foreign exchange market, which the Chairman...