Shareholders of BUA, MTN, Dangote and Others to Share N787 Billion as 2022 Dividend

Shareholders of BUA, MTN, Dangote and Others to Share N787 Billion as 2022 Dividend

  • Dangote Cement shareholders are set to pocket about N340.8 billion as dividend
  • MTN, BUA Cement, and Geregu Power shareholders would also go home with a considerable sum of money in their bank accounts as dividends
  • Owners of the companies, such as Dangote, Rabiu, and Otedola, would equally pocket billions in dividends

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Shareholders of five quoted companies on the Nigerian Stock Exchange will share N787.8 billion as dividends for their firms’ stellar performance in 2022.

A breakdown of the dividends of the five companies shows that Dangote Cement declared the most dividends and would pay N340.8 billion at N20 per share to stakeholders.

Dangote, Otedola, Abdul Samad Rabiu
Aliko Dangote and Abdulsamad Rabiu Credit: Bloomberg/Contributor
Source: Getty Images

Dangote, MTN, BUA and other shareholders earn big

MTN Nigeria shareholders would pocket N317.5 billion at N15.6 per share.

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Daily Trust reports that the company declared a final dividend of N10 per share and broke records by crossing the N2 trillion total revenue for the first time in 2022.

BUA Cement shareholders would cart away N94.8 billion at N2.8 per share, and Otedola’s Geregu Power will get N20 billion at N8 per share.

Similarly, Nigerian Breweries declared N14.6 billion at N1.43 as shareholders' dividends.

Africa’s richest man, Dangote, would receive about N292.1 billion in dividends from N340.8 billion announced by Dangote Cement.

Billionaires go home with billions in their accounts

Dangote commands a total of 27.42 million shares in the company and N14.62 indirect shares, representing 87.40% of the total shares outstanding of the firm.

Dangote’s closest rival, Abdul Samad Rabiu, Chairman of BUA Group, would go home with 87.5 billion from his controlling stake of 31.27 ordinary shares from direct and indirect shares, representing 92.3% of his outstanding shares.

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Aliko Dangote to pocket N293bn from his cement company, an amount more than the budget size of 25 states

Femi Otedola of Geregu Power would smile at the bank with N19.1 billion as a dividend.

The 2022 audited financials of Geregu Power shows that a dividend of N20 billion or N8 per share reflects a dividend yield of 3.8% based on the company’s closing price of N210 per share.

Abdul Samad Rabiu and brother make over N110bn in 8 hours as their company's market value soars reported that BUA Foods Plc, one of the country's leading food and fast-moving consumer goods companies, experienced an increase in share value by N119 billion on Thursday, February 23, 2023.

The company's stocks rose by 8.87%, reaching N81.00 per share, up from N74.00 per share on the previous day on the Nigerian exchange.

This surge in share price resulted in the total value of the company's 18 billion shares reaching N1.458 trillion, compared to N1.339 trillion at the end of trading on Wednesday, February 2023.


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