Dangote Cement, BUA, Lafarge to pay 2022 dividends to shareholders

Dangote Cement, BUA, Lafarge to pay 2022 dividends to shareholders

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Dangote Cement, BUA Cement and Lafarge Cement have announced the payment of dividends to their shareholders for 2022.

A dividend is one of the gains enjoyed by shareholders for betting on shares in the capital market and a way for companies to return capital to their investors.

In a statement on Monday, Dangote Cement management said the company would pay 20 naira per share to shareholders whose names are on the register of members by March 30.

This is N337.47 billion, more than the N272 billion the company paid out in dividends to shareholders in 2021.

Ripples Nigeria estimated Dangote Cement’s unclaimed dividend to be N4.4 billion in 2022, up from N4.6 billion the previous year.

“Total unclaimed dividends outstanding as of December 31, 2022 is N4.4 billion (2021: N4.6 billion),” the company said.

Also Read: Dangote Cement takes steps to reduce dividend burden on cash flow

Dangote Cement’s dividend is higher than that of BUA Cement and Lafarge Africa, according to the financial statements of the two companies.

BUA Cement has confirmed that shareholders whose names appear on the register of members by August 14 will receive 2.80 kobo naira per share for the last year.

This is more than N2.60 kobo paid to investors holding BUA Cement shares in 2021.

Therefore, paying the dividend will cost the company N88.04 billion compared to the N70 billion paid in 2021.

Also, unclaimed dividends reached N689.53 million last year from N474.74 million the previous year.

Lafarge Africa will pay N2 per share to shareholders whose names will be registered at the close of business on April 6.

This means shareholders will receive N32.21 billion for the 2022 financial year, the same amount as the total dividend paid to shareholders in 2021.

Lafarge’s unclaimed dividend fell from N1.43 billion in 2021 to N1.63 billion last year.

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