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Isiyaku Ahmed
Dangote Cement (DCE) recently declared a dividend of ₦30 per share for 2024, maintaining its payout from the previous year, with a yield of 6.82%, significantly higher than BUA Cement’s ₦2.05 dividend and 2.15% yield.
Despite the attractive dividend, DCE’s stock performance has been weak, falling 8.05% year-to-date and 33% over the past 12 months, underperforming the All Share Index, which rose 16.6% and 19.97% respectively.
The stock hit a record high of ₦763/share in February 2024 but has since declined sharply, reaching ₦440/share by June 2025.
It briefly rebounded to ₦480/share in April 2025 before sliding back.
If the dividend yield crosses 7.5%, DCE may become more appealing to investors.
