- May 27, 2021
- Posted by: adminer
- Category: Economics
Shareholders of Dangote Cement have commended the total dividend of N272.6 billion recommended by the company for the financial year ended Dec. 31, 2020, in spite of the economic challenges.
The shareholders, however, unanimously at the 12th Annual General Meeting (AGM) held virtually approved the dividend which translated to N16 per share.
Speaking on behalf of shareholders, the founder, Independent Shareholders Association of Nigeria, Mr Sunny Nwosu, commended the company for attaining a trillion-naira revenue growth.
Nwosu appealed to the company to prevail on its numerous distributors who arbitrarily sell cement at very high costs as against the real factory price, thereby making so much profit for themselves and causing undue pressure on consumers.
Also, a shareholder, Mr Nona Awoh, commended the board for the consistency in dividend payout, urging the board to consider payment of dividend twice a year.
The shareholders lauded the management for the full disclosure provided for the year, share buyback process and the various donations made to tackle the COVID-19 pandemic…TO CONTINUE READING CLICK ON https://thefreezonechannel.com/dangote-cement-declares-n272-6bn-dividends/