Shareholders of Dangote Cement Plc have approved a secondary listing on the London Stock Exchange, marking a significant step in the company's strategy to access international capital markets.
The decision was confirmed by Nairametrics, signaling the firm's intent to deepen its liquidity and attract a broader base of global investors.
Dangote Cement raised its per-share distribution by 50%, from N30 to N45, bringing the total dividend pool to N753.
The approval comes shortly after the company announced a substantial increase in its dividend payout for 2025.
Dangote Cement raised its per-share distribution by 50%, from N30 to N45, bringing the total dividend pool to N753.8 billion.
This combination of enhanced shareholder returns and expanded market access underscores management's confidence in the company's financial position and growth trajectory.
A secondary listing in London is often viewed as a mechanism to improve corporate governance visibility and provide a more liquid trading venue for foreign institutional investors.