Dangote Cement Dividend
Dividend criteria checks 3/6
Dangote Cement is a dividend paying company with a current yield of 4.57%.
Key information
4.6%
Dividend yield
113%
Payout ratio
| Industry average yield | 3.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | ₦26.58 |
| Dividend yield forecast in 3Y | 7.7% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: DANGCEM's dividends per share have been stable in the past 10 years.
Growing Dividend: DANGCEM's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Dangote Cement Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (DANGCEM) | 4.6% |
| Market Bottom 25% (NG) | 2.1% |
| Market Top 25% (NG) | 7.0% |
| Industry Average (Basic Materials) | 3.7% |
| Analyst forecast in 3 Years (DANGCEM) | 7.7% |
Notable Dividend: DANGCEM's dividend (4.57%) is higher than the bottom 25% of dividend payers in the NG market (2.11%).
High Dividend: DANGCEM's dividend (4.57%) is low compared to the top 25% of dividend payers in the NG market (7.09%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (113.3%), DANGCEM's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (93.3%), DANGCEM's dividend payments are not well covered by cash flows.