Dangote’s companies on stock market gain N1.2 trillion in 2017
…Pays N153bn dividend to shareholders
By Kayode Ogunwale

 

THE four companies owned by business mogul, Alhaji Aliko Dangote listed on the Nigerian Stock Exchange (NSE) boosted shareholders confidence by N1.187 trillion in 2017.
The companies which comprises Dangote Cement Plc, Dangote Sugar Refinery Plc, Dangote Flour Mills Plc and NASCON Allied Industries Plc increased their market values from N3.082 trillion at the beginning of the year to N4.362 trillion.
Business Standard Survey on the performance of equities listed on the local bourse for the year 2017 shows that, the four companies contributed 27.21 percent to the market capitalization of entire 172 equities listed on the exchange.
During the period under review, Dangote Cement Plc share price rose from N173.99 kobo per share to N230.00 kobo at the end of the year. Also, Dangote Sugar Refinery Plc surged from N6.11 kobo per share to N20.00 kobo, while Dangote Flour Mills Plc and NASCON Allied Industries Plc increased their share prices during the period from N4.25 kobo to N12.15 kobo and N8.50 kobo and N18.50 kobo respectively.
Dangote Cement Plc during the year recorded additional value of N954.439 billion, followed by Dangote Sugar Refinery Plc with N166.680 billion, Dangote Flour Mills Plc with N39.500 billion and NASCON Allied Industries Plc with N26.494 billion gain.
However, out of four companies three were able to declared and paid divided of N152.699 billion to their shareholders during the year. Dangote Cement Plc paid dividend of N144.844 billion as Dangote Sugar Refinery Plc rewarded its shareholders with N6 billion dividend and NASCON Allied Industries Plc’s shareholders got N1.855 billion.
Meanwhile, the market capitalization of the entire equities listed on the exchange appreciated by N4.362 trillion in 2017, from N9.247 trillion it opened the year to close at N13.609 trillion, represented 47.17 percent.